PT Barito Pacific Tbk announces an Equity Buyback for 1,780,000,000 shares, representing 2% for IDR 1,000,000 million.
April 27, 2020
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PT Barito Pacific Tbk (JKSE:BRPT) announces a share repurchase program. Under the plan, the company will repurchase up to a maximum of 1,780,000,000 shares, representing 2.0% of the issued share capital for a total cost of IDR 1,000,000 million. The program will expire on June 12, 2020.
PT Barito Pacific Tbk is an Indonesia-based integrated energy company. The Company is focused on business in the petrochemical and energy sectors. The Company's segments include petrochemical, building and hotel management (property), energy and resources, and others. It produces a number of products and services, raw materials for the plastic industry in the upstream sector, such as ethylene, propylene, py-gas, and mixed C-4, and the downstream sector, such as polyethylene, polypropylene, styrene monomer, butadiene, methyl tert-butyl ether and butene-1. It has three operating geothermal assets with a total installed capacity of approximately 885 megawatts. The Company, through its subsidiary, PT Griya Idola, manages property assets, such as the Wisma Barito Pacific and Wisma Barito Pacific II located in Slipi, West Jakarta. The Company's other businesses include logistics and glue production used for particleboard, and minority shares in Madura Offshore.
PT BARITO PACIFIC TBK 
