Chengdong Corporation Continues Divestment in BUMI Resources

Significant Share Sale Details

Chinese state-owned investor Chengdong Corporation has continued its divestment strategy in PT Bumi Resources Tbk (BUMI) by selling 3.71 billion shares in multiple transactions during recent trading sessions. As of December 29, 2025, Chengdong Corporation's remaining stake in BUMI stood at 22.27 billion shares.

The divestment process began on December 1, 2025, with two recorded transactions. The first transaction involved 160.32 million shares sold at Rp 246 per share, totaling approximately Rp 39.44 billion. This sale is part of Chengdong Corporation's ongoing portfolio adjustment in the Indonesian energy sector.

Investment Implications

The continued divestment by Chengdong Corporation reflects strategic adjustments in their investment portfolio, particularly in the energy sector. This significant share sale demonstrates the investor's active management of their Indonesian assets. The remaining stake of 22.27 billion shares indicates that while they are reducing their holding, they still maintain a substantial interest in BUMI.