Kian Santang Muliatama is trading at IDR 112, down 5.08% now amid continued selling pressure linked to major shareholder Kian Megah Investama’s divestment.
- On August 26, Kian Megah sold 13,924,600 shares, reducing its ownership to 8.68%.
- Recent reporting cited substantial investor divestment, with total sales reaching 81,335,700 shares and ownership falling from 9.64% to 5.02%.
- No new September 10 company announcement was found.