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