Esta Indonesia Tbk (NEST), an issuer recently debuted on Indonesia Stock Exchange (IDX) last August, has reportedly acquired 6 plots of land and building owned by its own president director, Hoo Anton Siswanto.
Said acquisition of land and building took place on October 16, 202, with the transaction set to IDR 12.3 billion.
For the record, this land and building acquisition is considered an affiliate transaction, as Hoo Anton Siswanto is the controlling shareholder and President Director of NEST.
“The transaction was done with an affiliated party, not another third party, considering the strategic location of this swallow nest farm,” said the management of NEST in the official statement.
According to IDNFinancials data, NEST debuted on IDX on August 8, 2024, issuing 822.5 million shares or equal to 20% of its issued and paid-up capital.
Setting the offering price to IDR 200 per share, NEST managed to raise IDR 164.5 billion from its IPO. (KR/ZH)