HomeNewsVideos

Uni-charm Indonesia will use some of its IPO funds to pay debt

16 January 2020 14:49

JAKARTA. PT Uni-charm Indonesia Tbk (UCID) has realized 23.77% or as much as Rp 274.97 billion of its IPO funds of Rp 1.25 trillion.

In the disclosure of information submitted to the Indonesia Stock Exchange (IDX), the funds are used to pay the company's debt to Uni-charm Corporation. The company has a debt to Uni-charm Corporation of US$ 20 million (Rp 280 billion).

UCID will use the remaining funds as its capital expenditure and working capital. (AM/AR)

© 2024 - IDN Financials - All Rights Reserved.