A New Chapter for Bayan Resources (BYAN)

Acquisition news and the unapproved revisions to the Work Plan and Budget (RKAB) have served as sentiments for the shares of PT Bayan Resources Tbk (BYAN), owned by tycoon Low Tuck Kwong, over recent periods. Slowly but surely, the acquisition of BYAN is seeing signs of progress.

BYAN has disclosed plans to transfer 10 billion company shares owned by Low Tuck Kwong and Elaine Low to PT Jhonlag Baratama. The Director of Bayan Resources, Jenny Quantero, stated that Low Tuck Kwong and Elaine Low signed a Conditional Share Purchase Agreement with PT Jhonlin Baratama as the buyer on 16 September 2026.