Aguan and Salim Group's Bangun Kosambi to Buy Back Rp250 Billion in Shares

Jakarta, CNBC Indonesia - An issuer owned by conglomerate Sugianto Kusuma alias Aguan and the Salim Group, PT Bangun Kosambi Tbk (CBDK), will carry out a share buyback worth Rp250 billion.

This step is being taken to reduce selling pressure when the market experiences significant fluctuations. In addition, the buyback is also being carried out to maintain investor confidence.

The corporate action will commence on 20 August 2026 and run until 19 November 2026. This means the buyback will be executed over a period of approximately three months. The share repurchase will be assisted by Ciptadana Sekuritas Asia.

According to the company, the action is based on a number of considerations. The company is committed to maintaining confidence in its long-term growth value. The move is not being taken due to a decline in performance or weakening fundamentals. The company continues to have a healthy financial condition, stable operational performance, and good long-term business prospects.

On the other hand, the movement of the company’s share price and the Composite Stock Price Index (IHSG) on a year-to-date (YTD) basis reflects a declining range. Since the beginning of the year up to 19 August 2026, CBDK’s share price has corrected by as much as 57 percent, while over the same period the IHSG recorded a decline of as much as 26 percent.

In connection with these conditions, the share buyback is intended to help reduce selling pressure in the market at a time when the IHSG is fluctuating, while also providing an indication to investors that the current share price does not yet fully reflect the company’s fundamentals and intrinsic value.