GLVA’s subsidiary secures IDR 112 billion loan

13 June 2022 06:16

JAKARTA – PT Lite Technologies Indonesia (LITE), a subsidiary of PT Galva Technologies TBk (GLVA), seizes a working capital credit capped at IDR 112 billion from PT CIMB Niaga Tbk (BNGA). The transaction between the company and the bank was finalised earlier last week (8/6).

Mari Fransiska, Director of Galva Technologies, claimed that said loan facility is intended to continue business sustenance, thus eventually leading to positive results in LITE’s financial performance. “This transaction will elevate the market share of the company in the electronic industry and drive product diversification,” she mentioned in the information disclosure quoted Monday (13/6).

It is mentioned that the interest rate for this facility is set to 7.35% per year for the credits in rupiah and 3.25% per annum for the credits in USD. The transaction equals 48.75% from GLVA’s total equity worth IDR 229.79 billion.

LITE’s authorised capital clocks up to IDR 200 billion. Its issued and paid-up capital reaches IDR 50 billion, 60% of which belongs to PT Integra Data Solusindo. GLVA only has another 40%. The stock in its portfolio is worth IDR 150 billion. (LK/ZH)

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