3 Prajogo Pangestu Issuers to Conduct Share Buybacks, Funding Details Revealed

Three conglomerate issuers, Prajogo Pangestu, Barito Pacific (BRPT), Petrindo Jaya Kreasi (CUAN), and Chandra Asri Pacific (TPIA), announced they would repurchase or buyback shares totaling IDR 3.75 trillion.

In more detail, TPIA became the issuer with the largest buyback plan funding of up to IDR 2 trillion. The funding source comes from the company's internal cash reserves.

The maximum number of shares to be repurchased reaches 0.29%, or approximately 250 million shares, of the total shares issued by TPIA.

"The company has appointed PT Henan Putihrai Sekuritas to conduct the share repurchase during the buyback period, in accordance with applicable laws," management stated, as reported by Katadata.co.id, Wednesday (4/2/2026).

Meanwhile, BRPT announced it would conduct a buyback worth IDR 1 trillion. This issuer also appointed Sucor Sekuritas to carry out the share repurchase.

As for CUAN, it was reported that it would repurchase shares worth IDR 750 billion. The company appointed BNI Sekuritas to conduct this action.

Previously, Prajogo was observed purchasing large quantities of shares of several issuers affiliated with him. This was revealed from transaction data recently released on Friday (23/1/2026) evening.

According to the Indonesia Stock Exchange's (IDX) disclosure report, Prajogo purchased 2.5 million shares of CUAN at a price of IDR 1,735 per unit, with a total funding of around IDR 4.33 billion.

Next, he purchased 5 million shares of BRPT at a price range of IDR 2,560 to IDR 2,600 per unit. The purchase was carried out in five transactions, with a total funding of nearly IDR 13 billion.

Prajogo also purchased 900,000 shares of Barito Renewables Energy (BREN). This action was carried out in 10 transactions at a price range of IDR 9,275 to IDR 9,500 per share, with a total funding of around IDR 8.5 billion.

When calculated, the total funding Prajogo spent on purchasing shares of CUAN, BRPT, and BREN nearly reached IDR 25.77 billion.