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Mega Manunggal Property prepares a CapEx budget of Rp 1.2 trillion

15 January 2020 06:42

JAKARTA. PT Mega Manunggal Property Tbk (MMLP) has prepared a capital expenditure (CapEx) budget of Rp 1.2 trillion by 2020, to support its operational performance and finish a number of its projects.

Asa Siahaan, Head of Corporate Finance & Investor Relations at MMLP, said that the company would add more warehouses, in line with the market demand for warehousing facilities.

In addition, MMLP also plans to complete four projects and add more land banks. "This year, projects that will be completed are the ones in Depok, Cikarang, Jababeka and East Java for phase 1 & 2," Siahaan was quoted as saying by Kontan on Tuesday (14/1) yesterday.

MMLP plans to use part of its internal funds for its CapEx budget this year. In addition to internal funds, the company also took loans. (KR/AR)

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