Jakarta - PT Itama Ranoraya Tbk (IRRA) has sold treasury shares at Rp1,988 per share or 277% higher than the average purchase price of Rp527 per share.

"This profit will increase the company's equity through the addition of agio shares," said IRRA President Director Pratoto Setno Raharjo in a statement, Friday (1/10).

The total transaction from the sale of shares obtained by the company was Rp198.8 billion. Thus, the transaction will increase the value of the company's equity and assets by the value of the sale of treasury shares.

"From the liability side, the equity value of IRRA will increase by the value of the sale of treasury shares. In terms of asset value, because the proceeds from the sale are used for advances for the purchase of the acquisition of PT Oneject Indonesia (Oneject), the addition to the assets is in the form of advances for purchases," he explained.

As of September 30, 2021, the company entered