On June 19, Wellpoint Pacific Holdings acquired one million shares of Bumitama Agri for a consideration of S$470,000 at 47 cents per share. This took the deemed interest of executive chairman and CEO Lim Gunawan Hariyanto in Bumitama Agri from 52.12 per cent to 52.28 per cent.

 

Wellpoint Pacific Holdings' preceding acquisition was back on Dec 16, with 2 million shares acquired at an average price of 72.8 cents per share, and on Sept 6, with 400,000 shares acquired at 58.24 cents per share.

 

Mr Lim' s father, Lim Hariyanto Wijaya Sarwono, is also deemed to be interested in the Bumitama Agri shares held by Wellpoint Pacific Holdings Ltd, a wholly owned subsidiary of Fortune Holdings Ltd.

 

Mr Lim Gunawan Hariyanto joined the group in 1997 when he was appointed director of PT Karya Makmur Bahagia. He was first appointed to the board on March 23, 2012 and re-elected on April 22, 2019.

 

He is responsible for the formulation of the group' s business and corporate policies and strategies, business development as well as business and operations management.

 

In the Q1 FY20 (ended March 31) business update, Bumitama Agri noted revenue increased by 20.3 per cent year on year (yoy) to 2,017 billion rupiah with FFB volumes increasing 0.8 per cent yoy to 711,847 metric tonnes.