Ahmad Kalla Sells Rp195.2m Bukaka Shares – Why?

Jakarta - Shareholder Achmad Kalla of PT Bukaka Teknik Utama Tbk (BUKK) sold shares worth Rp195.2 billion on 22 May 2026. Simultaneously, two investors were recorded as purchasing shares of equivalent value. According to BEI disclosure, Kalla sold 269,229,402 shares at Rp725 each. Prior to the transaction, his stake stood at 674,951,762 shares, equivalent to 25.56% of voting rights. Post-transaction, his holding fell to 405,722,360 shares, or 15.37% of voting rights. Shareholders Nadia Achmad and Laila Achmad each bought 134,614,701 shares at Rp725 per share, totalling 269,229,402 shares – exactly matching Kalla’s sale. Concurrently, BUKK shares were officially downgraded from the Main Board to the Development Board of the Indonesia Stock Exchange effective 29 May 2026. Shares closed 1.23% lower at Rp800 on Friday, 29 May 2026, with a market capitalisation of Rp2.11 trillion.