JP Morgan Holds Significant Stake in Soaring TRUK Shares, Andry Hakim Also Noted
Business

JP Morgan Holds Significant Stake in Soaring TRUK Shares, Andry Hakim Also Noted

JP Morgan Chase Bank NA Singapore Branch has acquired a 5% stake in PT Guna Timur Raya Tbk (TRUK), drawing market attention. TRUK's stock has surged over 1300% in recent months, driven by purchases from individual investors like Andry Hakim, though it is currently suspended from trading. The company is also preparing for a voluntary tender offer (VTO) by PT Pukul Rata Kanan.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.