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ANJT injects US$ 22 million for working capital of its subsidiary

05 February 2020 05:56

JAKARTA - PT Austindo Nusantara Jaya Tbk (ANJT) provides a loan facility of US$ 22 million to PT Austindo Nusantara Jaya Agri Sais (ANJAS) which will be used as working capital. ANJAS is a subsidiary of ANJT with indirect ownership of more than 99%

As quoted from the disclosure of company information, Tuesday (4/2), Lucas Kurniawan, Director of PT Austindo Nusantara Jaya Tbk (ANJT) said that the loan interest rate is set at LIBOR + 2.5% per year for a year period. The loan agreement is valid until February 2, 2021 since it was signed on Monday (3/2).

Based on the financial statements of the third quarter of 2019, ANJT recorded equity of US$ 383.68 million, lower than the period of 31 December 2018, equity of US$ 386.38 million. ANJAS is located in South Angkola, North Sumatra with an asset value of US$ 55.05 million. (LK)

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