JAKARTA - PT Kino Indonesia Tbk (KINO) will provide a loan facility of up to Rp 50 billion to its subsidiary, PT Kino Food Indonesia (KFI). The loan will be used to support the company's operations.
Budi Muljono, Corporate Secretary of PT Kino Indonesia Tbk (KINO), stated that the transaction was done because it was considered simpler than having to apply for a loan from third-party sources
The transaction was carried out on 7 August 2020. (LK/AR)