PT Trisula International Tbk (TRIS) plans to buy back shares or share buybacks.

The company will submit the share buyback plan for approval at the Extraordinary General Meeting of Shareholders (EGMS) on May 27, 2021.

"This is done because the company's current share price does not reflect the actual value or performance and potential future performance of shares in line with the improvement in national and international economic conditions," said President Director of Trisula International Santoso Widjojo, Tuesday (27/4).

Thus, the company expects the efficiency and diversification strategies previously mentioned can sustain the company's revenue performance to grow by up to 8%.

According to Santoso, this target is calculated based on the high demand for the company's products, such as distributing garment products to various regions in Indonesia and exports.

"Thanks to its expertise, the company has receiv