Press release from PT Sarana Menara Nusantara Tbk. ("SMN" / IDX: TOWR)
Jakarta, February 4, 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 50.28% to 50.45% 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 87 million shares of TOWR at a price range of IDR 781 to IDR 827 per share, through a series of transactions in the IDX regular market executed on January 13 until January 24, 2020.