Conglomerate Dato Tahir, Who Is Also Mochtar Riady's Son-in-law, Disburses IDR 76.6 Billion To Buy 13 Million Shares Of Sona Topas

Conglomerate Dato Tahir. (Photo: Doc. Antara)

JAKARTA - Conglomerate Dato Sri Tahir, bought around 13 million shares of PT Sona Topas Tourism Industry Tbk (SONA). The funds disbursed by the founder of the Mayapada Group reached Rp. 76.6 billion.

In an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Friday, December 31, Tahir bought 13,818,000 shares of the tourism travel agency issuer at a price of IDR 5,550 per share.

"The transaction date is December 29, 2021, with the aim of investing and direct share ownership status," wrote the son-in-law of conglomerate Mochtar Riady.

The number of shares before the transaction was 38,818,700 shares with an ownership percentage of 11.53 percent. After the transaction, Tahir owns 51,999,700 shares of Sona Topas or 15.70 percent, equivalent to the issued and paid-up capital of Sona Topas.

For information, Sona Topas' performance in the first semester of 2021 is somewhat less than good. Operating income decreased by 87.05 percent to IDR 29.4 billion at the end of June 2021 compared to IDR 224 billion in the same period the previous year.

Director of Sona Topas, Susan Liwang, explained that the decline in revenue in the first half occurred due to the closure of a number of duty-free shops and company-owned retail stores due to the pandemic. In addition, the ban on tourist flights to Indonesia has also hampered the company's performance.

The company recorded a net loss of Rp. 54.7 billion at the end of June 2021. That number decreased from the same period last year of Rp. 64 billion. As for the 2021 expansion, Sona Topas participated in a tender conducted by PT Angkasa Pura I.