Bank Owned By Chairul Tanjung Distributes IDR 2.1 Trillion Dividends, How Much Spill This Salim Group Company Gets?

Conglomerate Chairul Tanjung (Photo: Doc. Antara)

JAKARTA - The banking company belonging to the conglomerate Chairul Tanjung PT. Bank Mega Tbk recorded a net profit of IDR 3 trillion in the 2020 financial year. From this proceeds, the company coded as MEGA shares plans to allocate 60 percent or IDR 2.1 trillion as dividends.

At a time when Bank Mega was performing well, a company from the Salim Group, PT. Indolife Pensiontama, made the right business maneuvers. They bought shares in PT. Bank Mega Tbk (MEGA) through the stock exchange before the end of 2020.

Indolife Pensiontama reported the purchase of shares in the bank owned by conglomerate Chairul Tanjung to PT. Kustodian Sentral Efek Indonesia for transactions on 30 December 2020 by shareholders of more than 5 percent.

Indolife managed to narrow the 422,807,744 shares of MEGA after the transaction. As a result, Indolife is now the second-largest shareholder in the parent company of the CT Corp financial conglomerate.

Currently, MEGA's shareholders are PT. Mega Corpora (58.01 percent), Indolife (6.08 percent), while the rest is held by the public. Indolife's action will have a positive impact, where Bank Mega has recorded a shining performance in 2020.

Referring to the total ownership of Indolife shares, the company is entitled to dividends of IDR 142.8 billion. Of course, this is a big splash for Indolife in the midst of the economic disruption caused by the COVID-19 pandemic.

For information, Bank Mega's share price was closed lower today on Monday, February 22nd, closing down 4.98 percent to the level of IDR 10,500 per share. The transaction value reached IDR 2.23 billion with a market capitalization of IDR 73.12 trillion.

Indolife itself is a company engaged in life insurance and pension funds. Indolife started its business in 1991 through the Decree of the Minister of Finance of the Republic of Indonesia Number KEP 585/KM.13/1991. As a member of the Jakarta-based Salim Group.

Referring to KSEI's data, Indolife is not only part of Bank Mega's shares. They also have one more bank, namely PT. Bank Ina Perdana Tbk (BINA) and the Bali United football club management company, namely PT. Bali Bintang Sejahtera Tbk (BOLA).

Others are PT. Jembo Cable Company Tbk (JECC), PT. Perdana Bangun Pusaka Tbk (KONI), and NS Battery producer, namely PT. Nipress Tbk (NIPS). IDX data shows that NIPS shares are in the middle of a warning by the stock to be forcibly deleted alias delisted, while one company owned by Indolife which has been delisted, namely PT. Kasogi Internasional Tbk (GDWU).