Business · Markets · 1 hr ago
Bayan Resources Director Sells 100 Million Shares
Bayan Resources director Lim Chai Hock sold 100,001,000 shares in the Indonesian mining company on 14 October 2026.
The shares were sold for Rp11,200 each, giving the sale a value of about Rp1.12 trillion.
His voting stake fell from 3.26% to 2.96%, leaving him with 987,149,000 shares.
The company is listed on the Indonesia Stock Exchange, and the sale was recorded as a divestment, not a repurchase agreement.
Billionaire owner Low Tuck Kwong bought the same number of shares on the same day at the same price, for investment.
His voting stake rose from 9.95% to 10.25% after the purchase.
The transactions moved their reported ownership in opposite directions, but no further plans or effects were given.
Bayan Resources director Lim Chai Hock sold 100,001,000 shares in the company on 14 October 2026.
The shares were sold at Rp11,200 each, for proceeds of about Rp1.12 trillion.
The transaction was recorded as a divestment and involved direct ownership, not a repurchase agreement.
Lim’s holding fell from 1,087,150,000 shares, or 3.26% of voting rights, to 987,149,000 shares, or 2.96%.
On the same date and at the same price, Bayan Resources owner Low Tuck Kwong bought 100,001,000 shares for investment.
- Who
- Lim Chai Hock, a director of Bayan Resources.
- What
- He sold 100,001,000 shares in the company.
- When
- 14 October 2026.
- Where
- Not stated.
- Why
- The transaction was recorded as a divestment; a further reason was not stated.
This story does not have two clearly opposing sides.
Lim Chai Hock sold 100,001,000 Bayan Resources shares at Rp11,200 each.
Low Tuck Kwong bought 100,001,000 Bayan Resources shares at Rp11,200 each, with the transaction recorded as an investment.
- Seller
- Lim Chai Hock, Bayan Resources director
- Shares sold
- 100,001,000
- Transaction date
- 14 October 2026
- Price per share
- Rp11,200
- Sale proceeds
- About Rp1.12 trillion
- After-sale voting rights
- 2.96%