Happy Hapsoro Divests Significant Stake in BUVA

Major Share Sale Details

Prominent Indonesian businessman Happy Hapsoro has divested 50 million shares in PT Bukit Uluwatu Villa Tbk (BUVA), a company listed on the Indonesia Stock Exchange. The transaction, executed on November 24, 2025, was conducted at a price of Rp839 per share, resulting in total proceeds of Rp41.95 billion (approximately USD 2.8 million).

Strategic Rationale Behind the Sale

In the official information disclosure to the Indonesia Stock Exchange, Hapsoro stated that the sale was motivated by two primary factors: profit realization and increasing the free float of BUVA shares. This strategic decision not only allows Hapsoro to capitalize on his investment but also potentially enhances the liquidity of BUVA's shares in the market.

Market Impact and Future Prospects

The sale represents a significant reduction in Hapsoro's stake in BUVA, which could have various implications for the company's shareholder structure and potentially its stock performance. The increased free float resulting from this transaction may attract more market participants and improve trading activity in BUVA shares.

Company Background

PT Bukit Uluwatu Villa Tbk operates in the property sector, specifically focusing on tourism-related developments in Bali. The company's strategic location and business focus make it an interesting player in Indonesia's tourism-driven economy.