JAKARTA (Yosefardi) – Investors focus buying in shares of PT BW Plantation Tbk (BWPT) this morning, then the stock jumped 4.67% to Rp1120 with over 21 million shares exchanged hands.
The stock has regained 100% from its bottom but still lost 23% from its peak year to date. Other plantation stocks, London Sumatra gained 1.16% while Salim Ivomas fell 1.19%
Bisnis Indonesia reported this morning Leonteq Securities AG is committed to buy 270.1 million BWPT, offered through private placement, which is priced at Rp850 per share, or Rp229.58 billion in total.
Leonteq will be the strategic investor for BWPT that will hold 6.6% of the enlarged capital of BWPT.