PT Indolife Pensiontama, life insurer of Salim Group, sold all shares of milk producer Ultrajaya Milk (ULTJ) on Friday (August 14) for Rp2.08 trillion value. Said shares were sold by Shinhan Sekuritas Indonesia. Indolife held 14.19% ULTJ shares. Other shareholders are Sabana Prawira Widjaja (32%), Prawiradjaja Prakarsa (21%), and public investors (33%).

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