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Austindo Nusantara Jaya ups equity capital in subsidiary by Rp 34.57 billion

18 December 2020 09:33

JAKARTA. PT Austindo Nusantara Jaya Tbk (ANJT) has upped its equity capital by Rp 34.57 billion in PT Galempa Sejahtera Bersama (GSB), a subsidiary that engages in land processing for palm trees in South Sumatra.

According to ANJT CEO Istini T. Siddharta, Rp 1.73 billion of the amount was channeled directly by the company, while Rp 32.84 billion was channeled through PT Austindo Nusantara Jaya Agri (ANJA).

99.99% of ANJA's shares is owned by ANJT. ANJA currently engages in palm tree plantation in North Sumatra.

ANJT did not disclose in detail the aim of the equity capital increase. According to IDNFinancials.com's data, it currently has US$19.6 million in cash and cash equivalents. (KR/MS)

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