Monday , July 4 2022

Money does not run out, these RI tycoons buy coal stocks


Jakarta, CNBC Indonesia – Owner and President Director of PT Bayan Resources Tbk (BYAN), Kim Tuck Kwong, Inc. Owned its ownership in the company from 0.01 0.01% to 55.15% to 55.14%.

Low is among the richest people in Indonesia, whose current record net worth is US $ 2.1 billion or Rp according to Forbes billionaires. Equivalent to 30 trillion (exchange rate of Rp. 14,300 / US $).

The share purchase transaction was made in the October 8-14 period with a purchase price of Rs 6.77 billion.

Based on the disclosure of information released by the company, LuTech Koong purchased 235,900 shares of BYAN at a price of Rp 28,706.26 / share. The purpose of this purchase is to invest on behalf of him as a direct property.

In addition, the statement share or shareholders are PT Samber Suryada Prima with 10%, Angki Weibo with 5.96% and Public with 28.91%.

Today, Friday (15/10/2021) shares of BYAN closed at Rp 28,350 / shares closed 0.18% lower at trade close. Foreigners recorded net sales of $ 1.1 billion.

Year-to-date, this stock has gained 83.10% while volatility in last month is 87.44%.

Low Tuck Kwang is one of Indonesia’s richest people and controls the coal ‘Kingdom’ over the country’s coal.

He was Indonesia’s third richest person in 2012, with a total wealth of US $ 3.6 billion at the time, a sharp increase from the $ 1.2 billion in March 2010.

In addition to BYAN, he also owns shares in coal mining companies, namely PT Samindo Resources Tbk (MYOH) with a market capitalization of Rp 3.93 trillion. Its total stake in this issuer reached 14.18%.

[Gambas:Video CNBC]

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