Richest Indonesian Man’s Firms Plan Buybacks After Market Rout

Prajogo PangestuPhotographer: Dimas Ardian/Bloomberg

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By Prima Wirayani and Abhishek Vishnoi

February 4, 2026 at 3:51 AM UTC

Updated on

February 4, 2026 at 5:01 AM UTC

Companies linked to Indonesian billionaire Prajogo Pangestu said they would buy back shares, in a bid to shore up prices after last week’s market meltdown.

PT Barito Pacific, PT Chandra Asri Pacific and PT Petrindo Jaya Kreasi plan share repurchases of as much as a combined 3.75 trillion rupiah ($224 million), according to filings to the Indonesia Stock Exchange on Tuesday and Wednesday. The companies will buy shares from Feb. 4 to May 3.