Dato Low Tuck Kwong buys shares in Bayan Resources (BYAN) again

    Dato Low Tuck Kwong buys shares in Bayan Resources (BYAN) again

    The well-known conglomerate in the country, Dato Low Tuck Kwong continues to accumulate ownership in the shares of PT Bayan Resources Tbk (BYAN).The man who is also the president director of BYAN reported the purchase of 75,000 BYAN shares with an average purchase price of Rp 13,950.73 per share.

    Citing information disclosure on the Indonesia Stock Exchange website, Wednesday (9/6), this purchase was made from June 2 to 4, 2021. According to Kontan.co.id’s count, Dato Low Tuck Kwong spent Rp 1.04 billion to buy shares of a coal mining issuer. that.

    After this transaction, the ownership of the man who also serves as the controlling shareholder of BYAN increased but not significantly, from 1,834,393,730 shares or 55.03% to 1,834,468,730 shares or 55.30%.This transaction is intended for investment with direct ownership status.

    Kontan.co.id noted that one of the richest people in the country is quite diligent in accumulating the shares where he belongs.On May 29, 2021, Low Tuck Kwong reported that he had purchased 94,900 BYAN shares at a purchase price of Rp 15,272.23 per share.

    On May 24, 2021, Low Tuck Kwong reported the purchase of BYAN shares with a jumbo portion, which reached 10.08 million shares at a purchase price of Rp 13,803.88 per share.

    This transaction resulted in a value of Rp 139.20 billion and was carried out on 17-21 May 2021. Similar to the last transaction, this purchase is intended for investment with direct ownership status.

    Still in May, to be precise on May 17, 2021, Low Tuck Kwong also reported the purchase of 51,000 BYAN shares at a purchase price of Rp. 14,243.05 per share.On May 10, 2021, Low Tuck Kwong also reported the purchase of 155,100 BYAN shares at a purchase price of Rp 14,354.11 per share.

    As an illustration, Bayan Resources posted revenues of US$ 501.03 million in the first quarter of 2021, up 38% from the achievement in the same period in 2020 of US$ 326.28 million.

    BYAN posted a profit for the period attributable to owners of the parent company of US$ 165.86 million, an increase of 366% year-on-year.