Chandra Asri plans share buyback of up to Rp1 trillion
The Indonesian company plans to repurchase up to 800 million shares between 20 October 2026 and 19 January 2027.
PT Chandra Asri Pacific Tbk (TPIA) plans to spend up to Rp1 trillion buying back its shares, according to a disclosure to the Indonesia Stock Exchange (BEI). The company linked the plan to efforts to support capital market stability amid pressure on domestic equities.
The proposed purchases are capped at 800 million shares, or 0.92 per cent of issued shares, while maintaining compliance with free-float requirements. The company specified a minimum purchase price of Rp1,250 and a maximum of Rp3,000 per share.
The three-month programme is scheduled to run from 20 October 2026 to 19 January 2027. Chandra Asri has appointed PT Henan Putihrai Sekuritas to handle transactions on the BEI.
Internal cash will fund the purchases, transaction costs and brokerage commissions. The company said it had sufficient cash flow for operations, capital expenditure and the buyback, and did not expect the programme to reduce revenue or materially affect financing.
Purchases may end early if the allocated funds are exhausted or the targeted share volume is reached. The company may also stop the programme by explaining its reasons to the Financial Services Authority (OJK) and the public.
Repurchased shares are intended to be held as treasury stock, without voting or dividend rights. They may be transferred after 30 days from completion through routes including sales, capital reduction, employee and director share ownership programmes, or proportional distribution to shareholders.
