Astra International is trading 4.34% up now at IDR 5,050 after announcing a voluntary tender offer for up to 4.947% of Astra Otoparts.

  • The offer price is IDR 3,600 per share, with total value of up to IDR 858.39 billion.
  • Foreign investors bought approximately IDR 53.75 billion of Astra International shares on September 3, supporting the gain.
  • The tender offer appears to be the clearest company-specific catalyst, though direct causation is not explicitly confirmed.