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Bumitama’s chairman acquires shares, China Sunsine continues with buybacks

Kok Xinghui
Kok Xinghui9/13/2019 06:30 AM GMT+08  • 3 min read
Bumitama’s chairman acquires shares, China Sunsine continues with buybacks
(Sept 16): The executive chairman and CEO of Bumitama Agri, a leading producer of palm oil and palm kernel, recently acquired 400,000 shares in the company.
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(Sept 16): The executive chairman and CEO of Bumitama Agri, a leading producer of palm oil and palm kernel, recently acquired 400,000 shares in the company.

Bumitama in a filing with the Singapore Exchange on Sept 9 said that Lim Gunawan Hariyanto bought the shares at a total cost of $232,960. This brings Lim’s total deemed interest in the plantation company to 52%, up from the previous 51.98%. The percentage in shareholding is calculated based on the company’s issued share capital of 1,737,497,044 ordinary shares (excluding treasury shares).

The latest purchase was done via the open market by an entity called Wellpoint Pacific Holdings. The 52% deemed interest is held by Lim and his father Lim Hariyanto Wijaya Sarwono, the president commissioner and chairman of Harita Group, through their shared interest in Fortune Holdings and Fortune Corp. Fortune Corp is a fund management company that manages Fortune Holdings, which in turn fully owns Wellpoint Pacific Holdings.

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