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Trada Alam Minera obtained a US$ 100 million loan facility

09 July 2019 14:31

JAKARTA - PT Trada Alam Minera Tbk (TRAM), a shipping and mining company, obtained a loan facility worth US$ 100 million from Adaro Capital Limited. The loan facility agreement was signed on 5 July  2019.

As quoted from the disclosure of company information, with the loan facility, the company is optimistic that the company's business programs can be implemented. The loan's interest rate is 12% per year with a time period of four years after the loan disbursement. The loan facility will be used as a capital expenditure and other general purposes.

As of 30 June 2019, the company's authorized capital was Rp 18 trillion, while its issued and paid-up capital was Rp 4.96 trillion. The composition of its shareholders is as follows; PT Graha Resources (43.146%) and the public (each under 5%) (56.854%). Adaro Capital Limited is a company based at Labuan Financial Park, Malaysia. (LK)

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