Sinar Mas Group, PT Dian Swastatika Sentosa Tbk. (DSSA) took over shares of PT Golden Energy Mines Tbk. (GEMS) worth IDR 2.67 trillion owned by Golden Energy and Resources Limited (GEAR).
GEMS Corporate Secretary Sudin Sudirman said the IDR 2.67 trillion transaction was not a sale and purchase transaction, but in the context of reducing capital in GEAR.
"This transaction is between DSSA and GEAR. GEAR left and DSSA took over," he told Bisnis, Monday (21/8/2023).
Based on the disclosure of information, DSSA purchased 411,184,168 GEMS shares at a price of IDR 6,500. As a result, this transaction is worth IDR 2,672,697,092.00.
Due to this transaction, DSSA's accumulated ownership of GEMS shares , which was originally 48.42 percent, became 55.42 percent.
Previously, DSSA disclosed that the internal restructuring plan of the subsidiary would be carried out through several series of transactions which include the plan to receive GEMS shares, the plan to transfer GEAR shares, and the purchase of GEMS shares owned by GEAR from GEAR public shareholders who choose to receive funds.
Previously, at the close of trading session I, Monday (21/8/2023), there was a crossing transaction for GEMS shares worth a total of IDR 2.67 trillion at a price of IDR 6,500 per share, or lower than regular market shares.
GEMS shares are currently closing at IDR 6,700 per share or down 0.74 percent. During trading, GEMS moves in the range of IDR 6,675 to IDR 6,925 per share. A total of 124,700 shares were traded with a transaction value of IDR 845.64 million on the regular market.
Based on data for June 2023, the shareholding portion of GEMS is Golden Energy and Resources Limited as the controller which is a subsidiary of PT Dian Swastatika Sentosa Tbk. (DSSA) holds 62.49 percent of shares or 3.67 billion shares.
Furthermore, PT Radhika Jananta Raya owns 30 percent of shares or the equivalent of 1.76 billion shares and shares circulating in the community are 441.18 million or the equivalent of 7.5 percent.
Image source: dssa
