PT Trisula International (TRIS) will transfer as many as 659,800 shares from the buyback or buyback. The transfer of shares resulting from the buyback will be carried out from 9 January 2023 to 28 April 2023. This action will be carried out on the Indonesia Stock Exchange (IDX). Main Director of Trisula International, Widjaya Djojan explained, this information complies with regulations, namely 14 trading days before the implementation of the transfer of shares resulting from the buyback, listed companies must inform the public.

"To realize and carry out this celebration, Trisula International has appointed Phillip Sekuritas Indonesia," said Widjaya, Sunday (25/12/2022).

Widjaya added that later, Phillip Sekuritas would oversee the transfer of the buyback shares to the trajectory of the Indonesian capital market.

Meanwhile, these data and facts do not have a negative impact on the operational activities, law, financial condition, or the continuity of the company's business as a public company.

"The sale of shares resulting from the buyback does not have a bad effect," he said.

For information, ending last weekend's trading, Trisula International's shares soared 22.50 percent, aka 54 points, to IDR 294 per share. Trisula shares opened at IDR 248, touching the highest level of IDR 300, and the lowest IDR 240, with a market capitalization value of IDR 923.58 billion.

Previously, Trisula International's export sales per quarter III-2022 were recorded at IDR 711.92 billion, up 45% year on year (YoY). TRIS's main export destinations are the United States, Australia, New Zealand, Britain and Japan.

Since the beginning of this year, the company has received significant export requests, especially from existing customers. This is proof of TRIS' ability to compete in the international textile industry thanks to its product export experience for more than 30 years.

In general, TRIS assesses that the prospects for export sales next year are still very open, although on the other hand this company must increase vigilance against the threat of a global economic recession and the uncertainty of the Russia-Ukraine geopolitical conflict.