Kalla Group Subsidiary Relists 2.64bn Shares  

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  • TEMPO.CO, Jakarta - PT Bukaka Teknik Utama Tbk (BUKK) officially relisted its shares at the Indonesia Stock Exchange (IDX). BUKK is a subsidiary of the Kalla Group, which is owned by the family of vice president Jusuf Kalla,

    The company relisted 2.64 billion units of fully-paid shares.

    "One of our reasons for relisting is as a financing option to meet our short-term, medium and long term targets," president director Irsal Kamarudin said on Monday, June 26, as Bisnis Indonesia reported.

    He said the company will continue to increase investment in the electricity sector and other related sectors, given how they are the engine of the national economic growth.

    Irsal also said that Bukaka will invest in other prospective sectors such as smelter development.  

    The BUKK stock was relisted for a price of Rp590 per share and with a market capitalization of Rp1.56 trillion.

    BISNIS.COM | RR