Harimas Tunggal Sells IMPC Shares Below Market Price
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JAKARTA, Investortrust.id — PT Harimas Tunggal Perkasa sells 600 million shares of PT Impack Pratama Industri Tbk or IMPC on Tuesday, Nov 18, 2025 in Jakarta to raise Rp 597 billion, equal to $37 million, as part of an investment realization strategy aimed at expanding the stock’s free float. The block sale takes place at Rp 995 per share, far below the previous closing price of Rp 2,550.
PT Impack Pratama Industri Tbk introduces its full legal name in the exchange filing that confirms the transaction.
The seller’s ownership falls from 41.23 percent to 40.13 percent after the divestment, and management states that the move is intended to support greater liquidity in IMPC shares.
The filing says, "This sale aims to realize investment and increase the free float of IMPC shares."
IMPC had posted stronger results in the first nine months of the year, as net profit rose 14.33 percent to Rp 399.69 billion from Rp 349.27 billion a year earlier. Revenue climbed from Rp 2.08 trillion to Rp 2.41 trillion, which boosted gross profit to Rp 960.14 billion from Rp 853.90 billion.
Profit attributable to owners of the parent increased to Rp 397.37 billion from Rp 340.51 billion, although earnings per share fell from Rp 16.63 to Rp 7.32 following a larger share base.
A Sucor Sekuritas report had projected sustained growth supported by demand for IMPC’s uPVC roofing products in a market still disrupted from traditional materials.
The brokerage expected IMPC’s net income to rise to Rp 555 billion this year and Rp 673 billion in 2025, up from Rp 431 billion last year, citing the strength of its Alderon brand, solid financial performance, and potential acquisitions.
Sucor Sekuritas maintained a buy call with a target price of Rp 410.