Steel Pipe Industry of Indonesia Plans IDR 150 Billion Share Buyback
Bitget2026/11/05 01:38- Steel Pipe Industry of Indonesia announced a planned IDR 150 billion share buyback, excluding brokerage fees and related costs.
- The program targets approximately 250,000,000 shares, representing 3.48% of issued shares.
- Repurchases will run following the November 5, 2026 disclosure through February 5, 2027.
- Purchases will be capped at IDR 600 per share, funded entirely from internal cash.
- The company considers its shares undervalued relative to performance; repurchased shares will be held as treasury stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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