Free Float Barito Renewables Increase

PT Barito Renewables Energy Tbk (BREN) recorded an increase in free float shares after one of its shareholders, Green Era, sold its holdings in the market to increase free float and stock liquidity.

Based on the latest disclosure of information on September 10, 2025, the company's Director, Merly, reported sales transactions carried out in three stages at 3, 8, and September 9, 2025 with a total of 78.67 million shares.

Gradually, Green Era, a company that is still affiliated with Barito Pacific, sold 38.65 million shares at a price of IDR 8,500 per share with a transaction value of around IDR 328.52 billion.

The next sale is 39.23 million shares on September 8 at a price of IDR 8,350 per share worth IDR 327.6 billion. Then on September 9, 9.79 million shares were released again at a price of IDR 8,350 per share with a value of IDR 81.75 billion.

"The purpose of the transaction is to add free float and stock liquidity in the market," Merly wrote.

Meanwhile, based on company shareholder data at the end of August 31, 2025 which can be accessed on the company's website, the company also recorded that the number of shareholders below 5% is now 13.15 percent.

With this free float increase, stock liquidity will increase. Retail investments and institutions will have wider access to participate in BREN's share ownership.

Along with the high trend of interest in the renewable energy sector in Indonesia, this Green Era move can be a positive signal for BREN's stock liquidity in the stock exchange and will support the strengthening of the JCI.