Lo Kheng Hong Purchased Rp.18.1 Billion Owners Of GT Radial Tires In 2 Days

Illustration. (Photo: Unsplash)

JAKARTA - Lo Kheng Hong has just reported that he poured billions of money to buy up one of the shares of a company listed on the Indonesia Stock Exchange (IDX). Yes, this seasoned investor who is nicknamed the Warren Buffet of Indonesia, bought shares of PT Gajah Tunggal Tbk (GJTL) with a total value of IDR 18.1 billion.

Quoted from the disclosure of information on the IDX website, Tuesday, January 26, Lo Kheng Hong purchased 27,614,000 shares of GJTL. The 61-year-old man made purchases in several transactions he made on December 30, 2020 and January 4, 2021.

Due to the transaction, Lo Kheng Hong's name has now appeared on the list of shareholders of the GT Radial tire manufacturer. This is because he already owns 5.06 percent of the company's shares, where previously he only narrowed 4.27 percent of GJTL's shares.

"The total share ownership percentage before the transaction was 148,870,900 or 4.27 percent to 176,484,900 or 5.06 percent. This transaction is for investment purposes," wrote Lo Kheng Hong.

Lo Kheng Hong purchased GJTL shares twice on December 30, 2020 at the level of IDR655 totaling 166,200 shares and IDR650 as many as 20,185,400 shares.

On January 4, 2021, Lo Kheng Hong bought GJTL shares in 6 transactions, namely at the price of Rp. 680 as much as 1,750,000 shares, Rp. 675 as many as 3,275,300 shares, Rp. 670 as many as 1,188,500 shares, Rp. 660 as many as 148,600 shares, Rp. 655 as many as 400,000 shares, and Rp650 for 500,000 pieces.

If calculated, Lo Kheng Hong has bought GJTL shares in 2 transaction days totaling 27,614,000 shares with a transaction value of IDR 18,115,569,500.