JAKARTA – PT Barito Pacific Tbk. (BRPT), the prominent conglomerate owned by tycoon Prajogo Pangestu, has officially addressed recent social media speculation concerning the use of shares in PT Chandra Asri Pacific Tbk. (TPIA) as collateral for its corporate funding facilities.
In its official statement, Barito Pacific management assured stakeholders that all financing facilities and share collateral arrangements are meticulously managed with utmost caution. The company asserts that its asset collateralization strategy has been carefully formulated, taking into account various risk scenarios with a measured approach.
Furthermore, the framework governing the company’s share collateral mechanisms incorporates specialized instruments. This strategic foresight is specifically designed to mitigate the potential impact of market volatility and safeguard the company’s financial interests.
A press release from management on Thursday (May 21, 2026) stated, “The company consistently maintains disciplined margin ratios and robust liquidity positions, adhering strictly to principles of prudence and sound risk management practices.” Addressing the recent fluctuations in TPIA and BRPT stock prices on the stock exchange, management characterized these movements as an inherent and common aspect of market dynamics.
Management further affirmed the strong operational and business fundamentals of Barito Pacific and all its subsidiaries. They elaborated, “The operations and business fundamentals of Barito Pacific, along with its subsidiaries, remain exceptionally solid, underpinned by robust business foundations and resilient operational performance.”
Despite these assurances, BRPT shares experienced a notable decline on the Indonesia Stock Exchange (BEI). On Thursday (May 20), the stock closed down 11.05% at Rp1,530. Over the past five trading days, the company’s shares have recorded a significant plunge of 32.89%.
Similarly, TPIA shares also saw a sharp decline. The stock corrected by 14.66% to Rp2,270 per share today. Furthermore, its shares have plummeted by an alarming 55.05% over the last five trading days.
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Summary
PT Barito Pacific Tbk. (BRPT) has addressed social media speculation concerning the use of PT Chandra Asri Pacific Tbk. (TPIA) shares as collateral for corporate funding facilities. The company assured that all financing arrangements and collateral strategies are carefully managed to mitigate market volatility and safeguard financial interests. Barito Pacific maintains disciplined margin ratios, robust liquidity, and affirms strong operational and business fundamentals for itself and its subsidiaries.
However, despite these assurances, BRPT shares experienced a significant decline, falling 11.05% on Thursday and 32.89% over the past five trading days. TPIA shares also saw a sharp drop, correcting by 14.66% and plummeting 55.05% in the same five-day period.