Subsidiary Of Conglomerate Peter Sondakh, Commissioner Of Archi Indonesia To Buy 6 Million Shares Of The Gold Mining Company

Emas Lotus Archi. (Photo: Instagram @lotusarchigold)

JAKARTA - Commissioner of PT Archi Indonesia Tbk (ARCI) Ali Abbas Badre Alam increased his share ownership in the shares of the gold mining company. The subordinates of the Rajawali Group boss, conglomerate Peter Sondakh, bought 6 million ARCI shares at different prices and times.

In the information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Thursday, August 12, Ali Abbas' transactions occurred in three periods. On August 5, 2021, Abbas bought 2 million ARCI shares at a price of Rp640 per share.

Second, on August 6, 2021, Abbas bought 2 million ARCI shares at a price of Rp. 634.59 per share. The third transaction was carried out on August 9, 2021, namely buying 2 million shares at a price of Rp. 610 per share.

With this transaction, the Singapore citizen's share ownership in ARCI increased, from the previous 11.10 million shares or 0.04 percent to 17.10 million shares or 0.07 percent of the total ARCI shares.

"This purchase is intended for investment with direct ownership status," explained Archi Indonesia's management.

Previously, on August 2, 2021, Abbas also reported buying 2 million ARCI shares at a price of Rp. 655 per share. This purchase is also intended for investment with direct ownership status.

Back again, on July 23, 2021, Abbas also reported that he had bought 3.10 million ARCI shares at a purchase price of IDR 693.62 per share. Then, on July 21, 2021, Abbas bought 4 million ARCI shares at a purchase price of Rp.661.43 per share.

For information, ARCI's performance in the first semester of 2021 is quite bright. ARCI's consolidated revenue rose 9 percent year-on-year (yoy) from 130.1 million US dollars to 142.4 million US dollars, while ARCI's net profit also increased 24 percent yoy to 32.6 million US dollars. .