Business · Companies · 13 hrs ago
Four Prajogo Pangestu-Affiliated Companies Buy Back Rp 830.7 Billion in Shares
Four companies linked to Prajogo Pangestu bought back shares worth Rp 830.7 billion by early November 2026.
The companies are Chandra Asri Pacific, Barito Pacific, Barito Renewables Energy and Petrindo Jaya Kreasi, all listed in Indonesia.
Chandra Asri Pacific made the largest purchase, spending Rp 518.2 billion, followed by Barito Pacific at Rp 121 billion, Barito Renewables at about Rp 98 billion and Petrindo Jaya Kreasi at Rp 93.5 billion.
A share buyback is when a company uses money to purchase its own shares.
The four companies have set aside up to Rp 4.5 trillion combined for their programs, substantially more than they have spent so far.
Their buyback programs are still underway, so the total could increase; each company has a different implementation period.
Four companies affiliated with Indonesian businessman Prajogo Pangestu had bought back shares worth a total of Rp 830.7 billion by early November 2026.
The companies are Chandra Asri Pacific, Barito Pacific, Barito Renewables Energy and Petrindo Jaya Kreasi.
Chandra Asri Pacific had the largest reported buyback, at Rp 518.2 billion.
The four companies had set aside a combined maximum of Rp 4.5 trillion for their buyback programs.
The programs were still underway, so the total bought back could increase.
- Who
- Four companies affiliated with businessman Prajogo Pangestu: Chandra Asri Pacific, Barito Pacific, Barito Renewables Energy and Petrindo Jaya Kreasi.
- What
- They bought back shares worth Rp 830.7 billion in total.
- When
- By early November 2026; the programs were still ongoing.
- Where
- The report is datelined Jakarta; the location of the transactions is not stated.
- Why
- Not stated
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Petrindo Jaya Kreasi had bought back 190,453,700 shares worth Rp 93.5 billion.
Barito Pacific had bought back 99,100,600 shares worth Rp 121 billion.
Barito Renewables Energy had bought back 49,139,000 shares worth about Rp 98 billion.
Chandra Asri Pacific had bought back 378,428,200 shares worth Rp 518.2 billion.
The four companies’ reported buybacks totaled Rp 830.7 billion.
- Combined buybacks
- Rp 830.7 billion
- Chandra Asri Pacific buyback
- Rp 518.2 billion
- Barito Pacific buyback
- Rp 121 billion
- Barito Renewables Energy buyback
- About Rp 98 billion
- Petrindo Jaya Kreasi buyback
- Rp 93.5 billion
- Maximum combined allocation
- Rp 4.5 trillion