PT Jaya Real Property, Tbk. commences an Equity Buyback Plan for 79,070,000 shares, for IDR 50,000 million, under the authorization approved on May 31, 2019.
January 14, 2020 at 06:13 am
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PT Jaya Real Property, Tbk. (IDX:JRPT) commences share repurchase on December 31, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 31, 2019. As per the mandate, the company is authorized to repurchase up to 79,070,000 shares for IDR 50,000 million. The shares will be repurchased at a maximum price of IDR 600 per share. The repurchase program will expire on December 30, 2020.
PT Jaya Real Property Tbk is an Indonesia-based property development, management and investment company. The Companyâs segments include sales of land and building, and rental and building maintenance services. The sales of land and building segment includes the sale of land and building businesses in real estate, urban development (urban development), the release/purchase, processing, maturation, and development of facilities and infrastructure. The rental and building maintenance services segment includes leasing of shopping centers, hotel, ice rink, water park and areas of the city and water management. Focused primarily on South Jakarta and Tangerang, its diversified portfolio encompasses landed residential developments, condominiums, mixed-use superblocks, shopping centers, hotels and a hospital, as well as toll roads and clean water distribution. It has about five landed residential projects in Indonesia. It operates about six superblock and condominium projects in Indonesia.
PT Jaya Real Property, Tbk. commences an Equity Buyback Plan for 79,070,000 shares, for IDR 50,000 million, under the authorization approved on May 31, 2019.
PT JAYA REAL PROPERTY, TBK. 
