JAKARTA – Erwin Ciputra, the President Director of PT Chandra Asri Pacific Tbk (TPIA), has reportedly acquired 200,000 shares of the petrochemical giant, representing a substantial investment of approximately Rp1.44 billion. This significant insider transaction underscores a vote of confidence from the company’s top leadership.
According to a disclosure filed on Friday, November 28, 2025, Ciputra, who has led TPIA as President Director since January 2011, executed the share purchase in a single transaction on November 24, 2025. His stated objective for this direct acquisition was purely for investment purposes. The University of Pennsylvania alumnus acquired the 200,000 TPIA shares at a price of Rp7,200 per share. Consequently, this transaction has increased his direct ownership in the company to 140.05 million shares, equivalent to 0.16% of the voting rights, up from 139.85 million shares previously.
This move follows a similar show of confidence from another key executive. Previously, Raymond Budhin, TPIA’s Director of Polymer Sales, also purchased company shares, acquiring 100,000 shares on October 10, 2025. Budhin’s transaction was valued at Rp775 million, with shares bought at Rp7,750 each, also explicitly for investment purposes, as stated in a disclosure on Wednesday, October 15, 2025. Such insider buying by key directors often signals strong internal belief in the company’s future prospects.
On the stock market, TPIA shares closed at Rp7,375 per share at the end of the first trading session on Friday, November 28, 2025. This price, however, reflects a 1.67% decline in its year-to-date performance for 2025. Despite the slight downturn in the stock price, the directors’ accumulation of shares aligns with a crucial corporate agenda currently underway at TPIA.
The company is indeed distributing its interim dividend for the 2025 financial year today, November 28, 2025. As previously announced, TPIA has set the interim dividend at Rp3.84 per share. This decision was formalized in a Circular Resolution in Lieu of a Board of Directors and Commissioners Meeting on October 29, 2025. The company stated its intent to distribute the interim dividend from its net profit for the first half of 2025, specifically Rp3.8427 per share, in an announcement on Friday, October 31, 2025.
Erri Dewi Riani, General Manager of Legal & Corporate Secretary for TPIA, further elaborated that this interim dividend amounts to US$20 million, or approximately Rp322.58 billion. This calculation is based on an assumed exchange rate of Rp16,129 per US dollar, consistent with the company’s financial report as of June 30, 2025.
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Summary
Erwin Ciputra, President Director of PT Chandra Asri Pacific Tbk (TPIA), acquired 200,000 TPIA shares on November 24, 2025, for approximately Rp1.44 billion. The shares were purchased at Rp7,200 each for investment purposes, increasing his direct ownership to 0.16%. This transaction follows a similar insider purchase by Raymond Budhin, TPIA’s Director of Polymer Sales, who bought 100,000 shares in October.
Despite a 1.67% year-to-date decline in TPIA’s stock price, these executive share purchases signal strong internal confidence. The insider buying coincides with the company’s distribution of an interim dividend of Rp3.84 per share on November 28, 2025. This dividend totals US$20 million, or approximately Rp322.58 billion, and is sourced from TPIA’s net profit for the first half of 2025.