Reinforcing its investment business, DSSA to lend USD 50 million

02 December 2022 19:30

JAKARTA. PT Dian Swastatika Sentosa Tbk (DSSA), a coal mining company under Sinar Mas Group, has channelled a loan with a limit of USD 50 million to one of its subsidiaries, PT DSST Dana Gemilang (DSDG).

DSSA and DSDG signed a facility agreement yesterday, on December 1, 2022. The tenor applied for this loan facility is set to three years, starting from the agreement signing date.

"This facility is planned to be utilised to cover the working capital needs and the business expansion of its subsidiary," Susan Chandra, Corporate Secretary of DSSA, announced in the official disclosure earlier today (2/12).

According to idnfinancials.com data, DSDG is a company under DSSA that is engaged in the investment sector. This company is located in Jakarta, recording total assets of USD 15.36 million as of June 2022.

Meanwhile, DSSA also reported having cash and cash equivalent of USD 1 billion at the end of June 2022, while its total equity clocked up to USD 2.38 billion. (KR/ZH)

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