Business · Companies · 16 hrs ago
Three Salim Group Companies Plan Rp2.25 Trillion Share Buybacks
Three Salim Group companies—LSIP, Indofood and Indofood CBP plan share buybacks—starting Oct.
26, 2026.
Together, they have set aside up to Rp2.25 trillion, with each company allocating a maximum of Rp750 billion.
The buybacks are scheduled to run through Dec.
31, 2026, unless a company reaches its spending limit earlier.
Each company will use its own internal cash to buy shares, and the purchases will be limited to no more than 20% of its paid-up capital, subject to public-shareholding rules.
The companies expect earnings per share to rise after the buybacks, while their assets and equity will fall by the amount spent.
They say their capital and cash flow are adequate and expect no material harm to their businesses or finances.
Three Salim Group companies plan to spend up to Rp2.25 trillion on share buybacks.
PT PP London Sumatra Indonesia, PT Indofood Sukses Makmur and PT Indofood CBP Sukses Makmur each plan to allocate up to Rp750 billion.
The buybacks are scheduled to run from 26 October to 31 December 2026.
The companies say they will use internal cash and buy back no more than 20% of paid-up capital, subject to applicable free-float rules.
They project lower assets and equity after the buybacks, while earnings per share are expected to rise.
- Who
- PT PP London Sumatra Indonesia, PT Indofood Sukses Makmur and PT Indofood CBP Sukses Makmur.
- What
- The three companies plan share buybacks totaling up to Rp2.25 trillion.
- When
- The buybacks are scheduled for 26 October to 31 December 2026.
- Where
- The companies are listed in Indonesia; Indofood Sukses Makmur says its buyback will be conducted through the Indonesia Stock Exchange.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The three companies disclosed their buyback plans, according to IDNFinancials.
The planned buyback period begins.
The planned buyback period ends, unless completed earlier.
- Total planned allocation
- Up to Rp2.25 trillion
- LSIP allocation
- Up to Rp750 billion
- INDF allocation
- Up to Rp750 billion
- ICBP allocation
- Up to Rp750 billion
- Buyback period
- 26 October–31 December 2026
- Maximum shares to be repurchased
- 20% of paid-up capital
3 sources
What people are saying
The share buyback plan will not cause a decrease in the Company's revenue or have a material negative impact on the Company's business activities.
The number of shares to be repurchased will not exceed 20% of the Company's paid-up capital, while observing the applicable free-float regulations.
The share buyback plan will transfer assets from cash into treasury shares.