Jakarta. State-owned toll road operator Jasa Marga is closely monitoring developments in Indonesia’s capital market as it reviews strategic initiatives to support its long-term growth, including a potential share buyback, while ensuring alignment with its liquidity needs and operational expansion plans.

Jasa Marga Corporate Secretary and Chief Administration Officer Trias Andriyanto said the company would thoroughly assess any potential corporate action to ensure it aligns with its business conditions and priorities.

“The evaluation of a potential share buyback is based on a comprehensive and thorough assessment to safeguard the company’s fundamentals. We also consistently prioritize prudence and good corporate governance in every corporate action. This approach is essential to ensuring a solid financial structure while maintaining the continuity of toll road operations,” Trias said.

He added that Jasa Marga continued to strengthen its business fundamentals, maintain financial performance growth and improve service quality to create long-term value for shareholders.

“With the support of our extensive toll road network and expanding connectivity, we are committed to maintaining sustainable performance, implementing responsible governance and delivering added value for shareholders, while providing better services to road users,” Trias said.

Jasa Marga said it would disclose further developments and decisions regarding any planned corporate action in accordance with applicable information disclosure regulations.

Add as a preferred source on Google +