The main shareholder of PT Jaya Agra Wattie Tbk (JAWA), namely PT Aji Lebur Seketi, sold 717.19 million shares of JAWA or equivalent to 19% share ownership at a price of Rp590 per share on April 10, 2013.

Director of PT Jaya Agra Wattie Tbk, Bambang Ibrahim said that the total sale of shares was around Rp423.14 billion. The JAWA shares were sold to PT Sinar Kasih Abadi, which is also a shareholder of the company. In addition, PT Sinar Kasih Abadi also purchased 19.15 million shares or equivalent to 0.51% of the total outstanding shares at a price of Rp500 per share, so that the total sale of shares was Rp9.57 billion from the public. This share sale transaction was carried out on the negotiation market.

"The purpose of the transaction is to increase PT Sinar Kasih Abadi's share participation in the Company and divest PT Aji Lebur Seketi's share ownership in the Company," said Bambang, as quoted from the disclosure of information to the Indonesia Stock Exchange (IDX), Thursday (11/4/2013).

Meanwhile, the share ownership after the sale and purchase transaction includes PT Sinar Kasih Abadi around 70.51% and the community around 29.49%. Previously, the share ownership before the sale and purchase transaction included PT Sinar Kasih Abadi around 51%, PT Aji Lebur Seketi around 19%, and the community around 30%.