Happy Hapsoro Acquires 16.24% Stake in Pakuan (UANG), Signaling Long-Term Portfolio Strategy
Key Takeaways
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JAKARTA, Investortrust.id — PT Basis Utama Prima, the investment company owned by businessman Hapsoro Sukmonohadi, widely known as Happy Hapsoro, has acquired a 16.24% stake in PT Pakuan Tbk, or UANG, through a significant share purchase on Wednesday, Sept. 3, 2025. The move immediately positioned the company as a major shareholder in the property developer.
The acquisition involved 196.45 million shares at a purchase price of Rp 467 each, bringing the total transaction value to more than Rp 91 billion, equal to $5.6 million. Prior to the deal, Basis Utama Prima held no shares in Pakuan.
Rationale Behind the Acquisition
In its official disclosure, Basis Utama Prima stated that the acquisition was aimed at aligning its investment portfolio and realizing a large-scale purchase agreement that had been arranged between the parties. Management emphasized that the move underscored its commitment to building a long-term portfolio.
The company is no stranger to the Indonesian capital market. Apart from this latest move, Basis Utama Prima has maintained ownership in several other publicly listed companies on the Indonesia Stock Exchange.
Following the acquisition, Pakuan’s shares skyrocketed, jumping more than 283% in the past month to Rp 775. The sharp surge has already triggered two suspensions by the Indonesia Stock Exchange, with the stock now being traded on the special monitoring board under a full call auction mechanism.
The exchange imposed this tighter trading regime to mitigate risks associated with excessive volatility and ensure fair market practices. Despite the restrictions, the acquisition by a prominent investor such as Happy Hapsoro has drawn significant attention from the market.
Happy Hapsoro, who is married to Speaker of the House of Representatives Puan Maharani, has long been recognized as an active market participant. His vehicle, Basis Utama Prima, has been consistently involved in high-profile shareholdings, reflecting his influence in the local investment landscape.
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