Sinar Mas Multiartha (SMMA) becomes a shareholder in Bumi Multi Finance

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  2. Sinar Mas Multiartha (SMMA) becomes a shareholder in Bumi Multi Finance
Sinar Mas Multiartha (SMMA) becomes a shareholder in Bumi Multi Finance

PT Sinar Mas Multiartha Tbk (SMMA) purchased 53,125,657 shares owned by PT Asuransi Simas Jiwa in PT Bima Multi Finance (BMF) for Rp. 111.75 billion. After the transaction, SMMA now has a 23.10% stake in BMF.

As quoted from the company disclosure, Doddy Susanto, President Director of PT Sinar Mas Multiartha Tbk (SMMA) said the transaction value was below 20% of the company’s equity.

After the transaction, the company’s shareholders are PT Bank Victoria International Tbk (BVIC) (34.91%), PT (Sinar Mas Multiartha Tbk (SMMA) (23.10%), PT Asuransi Sinar Mas (15.96%), PT Buana Anggara Mandura (15.89%), PT Victoria Insurance (2.63%), PT Victoria Securities Indonesia (2.03%), PT Asuransi Kresna Mitra Tbk (1.01%), Erly Syahada (1.00%), Surkran Abdul Gani (1.00%), PT MNC Asuransi (0.65%), and PT Bank Sahabat Sampoerna (0.41%).

Source: IDN Financials | 21 November 2019

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