JAKARTA - PT Bank Panin Tbk (PNBN) gave a credit facility of Rp 10 billion to PT Bangun Olahsarana Sukses, a subsidiary of PT Borneo Olah Sarana Sukses Tbk (BOSS).
As quoted from the company disclosure, Freddy Tedjasasmita, Managing Director of PT Borneo Olah Sarana Sukses Tbk (BOSS) said that the credit facility would be used to increase the working capital of its subsidiaries. "The facility is guaranteed with a personal guarantee from Freddy Tedjasasmita, Johannes Halim, and Widodo Nurly Sumady," he said.
With the additional working capital, the performance of BOSS' subsidiaries is expected to improve and increase the income of BOSS. (LK/AR)