Bund Center: +2% in morning trade. The Widjaja family (both majority sh/h and manager) just increased their stake from 70.4% to 74% via open market purchases. They owned just 65.6% stake in July, shortly after BCI was spun off from Asia Food & Property.
We find the timing of the share purchases curious. Could this be an indicator of any significant corporate activity in the near term?
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