Press release from PT Sarana Menara Nusantara Tbk. ("SMN" / IDX: TOWR)
Jakarta, January 23, 2020 | Source: Company

PT Sarana Menara Nusantara Tbk. ("TOWR” or “SMN”), the parent company of PT Profesional Telekomunikasi Indonesia ("Protelindo"), announced an increase in common stock ownership by the Company’s controlling shareholder, PT Sapta Adhikari Investama ("SAI"), from 50.05% to 50.28% of SMN’s total issued shares.

SAI is the controlling shareholders of SMN that is ultimately owned by members of the Hartono Family ("Djarum Group"). According to SAI’s filing to the OJK, SAI bought approximately 119.65 million shares of TOWR at a price range of IDR 790 to IDR 814.7 per share, through a series of transactions in the IDX regular market executed on January 2 until January 10, 2020.