Apr 23, 2012

Kiki Barki spends Rp3.75bio on HRUM

Controlling shareholder of coal miner PT Harum Energy Tbk (HRUM), PT Karunia Bara Perkasa, that is owned by Indonesian businessman Kiki Barki, has made a purchase of 500,000 shares from the market.
Referring to the closing price on April 13 at Rp7,500, Kiki Barki spent Rp3.75 billion to buy Harum shares.
Karunia Bara bourght those shares for investment purpose. Post the purchase, Karunia Bara controls 70.25% stake in Harum Energy or 1.89 billion shares.

Disclosure: No position at the stock mentioned above.

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