JAKARTA - The Extraordinary General Meeting of Shareholders (EGM) of PT Perdana Karya Persada Tbk (PKPK) authorized the transfer of all of its treasury shares, which has a total value of Rp 26 billion, to PT Royal Victoria Hotel (RVH). Untung Haryono, Director of PT Perdana Karya Persada Tbk announced the results of the EGMS in a disclosure published on Wednesday (2/9).
According to him, the decision was approved by the holders of 320,775,362 of the company's shares (59.472%). "The meeting reached a consensus to approve the transfer of all 60,631,500 of our treasury shares," he said.
The transfer is done to pay off some of PKPK's debt to RVH (an affiliated party) with a total value Rp 84.75 billion. (LK/AR)