PT Mulia Boga Raya (Prochiz) Plans Share Buyback Worth Rp28.12 Billion

PT Mulia Boga Raya Tbk (KEJU), the Prochiz manufacturer, plans to execute a share buyback programme worth a maximum of Rp28.12 billion. This value is equivalent to approximately 0.90% or 50.675 million KEJU shares.

According to regulatory disclosures, the corporate action will be executed in stages within a period of no more than one month from approval by the extraordinary general meeting of shareholders (RUPSLB), scheduled to be held on Tuesday, 21 April 2026.

The primary rationale for the KEJU share buyback programme is to provide management with the flexibility and mechanism to maintain stability in the KEJU share price should market prices fail to reflect the company’s actual value and operational performance.

KEJU’s board of directors stated plans to retain the repurchased shares as treasury stock for a maximum period of three years from the date the buyback is executed. However, KEJU may dispose of the repurchased shares at any time in accordance with Article 21 of Financial Services Authority Regulation No. 29/2023.

“The board of commissioners and board of directors have reviewed the share buyback plan, including assessing the risks and benefits to the company and all shareholders, and believe that the share buyback represents the correct choice for the company and all shareholders,” KEJU’s board stated in regulatory disclosures released on Friday, 13 March 2026.

The board added that based on this assessment and conviction that the KEJU share buyback is the appropriate course of action to achieve the aforementioned benefits, “the board of commissioners and board of directors recommend that shareholders approve the share buyback as outlined in the regulatory disclosure.”

In today’s morning trading session, KEJU shares gained 0.95% to trade at Rp530 per share. However, on a year-to-date basis, the share has declined 22.06%.