A number of directors and commissioners of PT Roda Vivatex Tbk (RDTX) are known to have bought up their own company shares. The transaction was carried out on March 21, 2022, all at a price of Rp. 6,700 per share. Based on the disclosure of information quoted on Wednesday (23/3/2022), the following are the details of the buyers of RDTX shares:

1. Sutiadi Widjaja - bought 46,852,500 pieces. Share ownership increased from 6.05% to 23.48%.
2. Turniady Widjaja - bought 21,354,800 pieces. Shareholding rose from 1.45% to 9.39%.
3. Herrijanto Widjaja - President Commissioner purchased 2,866,500 shares. Shareholding rose from 0.5% to 1.57%.
4. Karta Widjaja - Director bought 6,526,800 pieces. Shareholding rose from 1.14% to 3.57%.
5. Wiriady Widjaja - President Director purchased 9,488,500 shares. Shareholding rose from 0.8% to 4.33%.

From the data above, Sutiadi Widjaja bought the most shares with a transaction value of Rp 313.9 billion. Based on RDTX's financial reports, Sutiadi once held 28,274,000 RDTX shares or 10.52% as of the end of 2020. However, as of September 30, 2021, Sutiadi is no longer listed as a shareholder.

At least in the period October-December 2021, Sutiadi was recorded to have bought back RDTX shares several times. Finally, on December 7, 2021, Sutiadi bought 150,000 shares of RDTX at a price of Rp. 7,000 per share. At that time, the number of his shares rose from 5.99% to 6.05%.

Still based on information disclosure, Sutiadi Widjaja is known to be the Director of PT Geno Intiperkasa.

On March 21, 2022, Geno Intiperkasa sold 93,135,900 shares of RDTX at a price of 6,700 per share. After the transaction, the total share ownership in RDTX decreased from 37.24% to only 2.59%.

The reasons behind the sale of shares by Geno Intiperkasa and the purchase by the directors and commissioners, as well as the two other people are not yet known.

Based on the financial statements, RDTX is domiciled in Jakarta with its factory located on Jl. Heroes Km 1, Citeureup, Bogor. The Company's head office is located at Menara Standard Chartered Lt. 32, Jl. Prof. Dr. Satrio No. 164, South Jakarta.

The Company started commercial production of the textile (fabric) industry in 1983 and currently the business activities of the textile (fabric) industry have been discontinued since July 2014.

Currently, the Company's activities include investing in shares of subsidiaries engaged in office space leasing.