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Asahi Glass increases stake in PT Asahimas

Japan“s Asahi Glass Co. Ltd. has acquired 601,500 shares of its publicly listed subsidiary PT Asahimas Flat Glass Tbk from public holders, a company official said.
President of Asahi Glass Shinya Is…

Japan“s Asahi Glass Co. Ltd. has acquired 601,500 shares of its publicly listed subsidiary PT Asahimas Flat Glass Tbk from public holders, a company official said. President of Asahi Glass Shinya Ishizu said in a report to the capital market supervisory board (Bapepam) that the purchases were made on 17 and 18 September at the Jakarta Stock Exchange. Ishizu said the company bought the shares to meet its commitment to increase its investment in Indonesia. With the purchases, Asahi Glass holds 180,901,000 shares of its Indonesian subsidiary.

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