Entering HSC List, BREN Shares Instead Snapped Up by Foreign Investors

JAKARTA, KOMPAS.com - PT Barito Renewables Energy Tbk (BREN), which has entered the list of stocks with high shareholding concentration (HSC), instead recorded buying activity (net buy) from foreign investors. According to data from the Indonesia Stock Exchange (BEI), BREN is included in the group of stocks with highly concentrated ownership levels, reaching 97.31%. This condition places BREN in the category of stocks at risk of pressure due to negative assessments from global indices, such as the Morgan Stanley Capital International (MSCI). However, amid these risks, BREN shares were instead snapped up by foreign investors with a net purchase value of Rp13.01 billion during trading last Monday (6/4/2026). This effort refers to an affiliate entity through Green Era Energy Pte Ltd, which carried out a divestment of shares. This action directly increases the number of publicly circulating shares, while also improving the stock’s liquidity in the market. “If we examine the latest disclosure of information, the affiliate party carried out divestment via the sale of shares owned by Green Era Energy, which will increase the free float, and we see efforts from the issuer to add to the free float,” said Faris to Kompas.com on Tuesday (7/4/2026). Based on the BEI disclosure of information quoted Tuesday morning, Green Era Energy Pte Ltd has sold 350 million BREN shares on Monday, 6 April 2026. The transaction was conducted at a price of Rp4,510 per share and classified as ordinary shares. Post-transaction, Green Era Energy Pte Ltd’s share ownership decreased from the previous 30.67 billion shares to 30.32 billion shares. In line with that, the voting rights portion also declined from the previous rights, namely 22.9 percent. Currently, the number of BREN shares circulating in the public is only 12.30 percent, lower than the Financial Services Authority (OJK) and PT Indonesia Stock Exchange (BEI) regulations, which require a minimum of 15 percent free float.