Moderland sets aside Rp250 billion to buy back shares

JAKARTA (TheInsiderStories) – Property developer PT Moderland Realty Tbk (IDX:MDLN) has set asides Rp250 billion to buy back shares at maximum of 700 million units shares or 5.59 percent of the company’s outstanding shares. The buyback was decided as the company considered its current share price is below the fundamental of the company. The buyback will be executed within 18 months, pending approval of the bank’s shareholders meeting on June 19, 2017. (*)