JAKARTA - PT Batavia Prosperindo Trans Tbk (BTPR) obtained a loan facility in the form of promissory notes worth Rp 10.08 billion from PT Batavia Prosperindo Sekuritas (BPS). The loan facility is expected to help boost the company's performance.
As quoted from the company disclosure, Paulus Handigdo, President Director of PT Batavia Prosperindo Trans Tbk (BTPR) said that the two companies are controlled by the same party. BPS has excess funds, but if the funds are made available to other parties, the company may not get any benefit.
BPTR is a company engaged in transportation services, while BPS is a company engaged in securities trading and underwriting. The companies are controlled by the same party, PT Batavia Prosperindo Makmur, which has a 74.70% stake in BPTR. (LK/AR)