Aldira Sunrise 12 Agustus 2024

HRUM will buyback IDR 1T shares
Harum Energy (HRUM) announced plans to buy back shares with a maximum value of IDR 1T. This corporate action aims to increase stock trading liquidity and ensure that share values better reflect the company’s fundamental condition. The buyback will be discussed at the next extraordinary shareholder meeting (RUPSLB) on 17 Sep 24 and is planned to take place from 18 Sep 24 to 17 Sep 25. (Kontan)
INCO realized USD 118.4M capex in 1H24
Vale Indonesia (INCO) spent USD 118.4M capex in 1H24, reaching only 31% of the total FY24 budget. INCO targets spending on capex by the end of the year to reach around USD 380M. The company expects more capital spending on 2H24, especially for its growth projects in Morowali and Pomalaa. (Bisnis Indonesia)
SRAJ will hold a private placement of 1.20B shares
Sejahteraraya Anugrahjaya (SRAJ) plans to carry out a private placement of 1.20B shares with a nominal value of IDR 100 per share or equivalent to 10% of total capital paid in and placed in the company. Through the private placement, it is hoped that it can help develop the Company’s business through the construction of several projects such as the expansion of Mayapada Hospital, South Jakarta, and also the construction of new hospitals such as Mayapada Apollo Batam International Hospital in Batam and Mayapada Hospital Surabaya 2. It will be implemented after obtaining approval from independent shareholders at the Independent GMS which will be held on 12 Aug 24. (Bisnis Indonesia)