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Anugerah Kagum postpones its projects due to COVID-19

07 September 2020 06:37

JAKARTA - The management of PT Anugerah Kagum Karya Utama Tbk (AKKU) postpones its plan to develop its Labuan Amuk and Lembur Pasundan projects due to the COVID-19 pandemic. This was stated by Muh Firman Idrus, Corporate Secretary of PT Anugerah Kagum Karya Utama Tbk (AKKU) in a public expose results quoted on Monday (7/9).

"The company has tried to cooperate with a number of investors. However, investors still have doubts about investing amidst the uncertain conditions," he said.

Eka Mandiri Anugerah Sejahtera (EMAS), as the holder of 74.21% of AKKU's shares, he said, was willing to sell some of its shares. The funds from the sale would be used to finance the two projects. However, so far there has been no commitment from any investor. (LK/AR)

 
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