JAKARTA - PT Pool Advista Indonesia Tbk (POOL) received additional funds to support operations amounting to IDR 60.53 billion from the sale of shares and bonds of PT Asuransi Jiwa Advista (AJA) to PT Wahana Mandiri Sentosa (WMS). This was conveyed by Marhaendra, President Director of PT Pool Advista Indonesia Tbk (POOL) in the disclosure of information quoted on Tuesday (9/3).
He conveyed the deed of selling POOL's shares in AJA to WMS was carried out last week (5/3). "The sale of AJA's 149,999,000 shares belonging to POOL is valued at IDR 23.99 billion plus total cash and cash equivalents of IDR 13.04 billion, and the value of state bonds is IDR 23.49 billion," he said.
AJA is one of POOL's subsidiaries with total assets of IDR 45.85 billion as of September 2020. POOL acquired 99.99% of AJA's shares on 31 October 2018 and since then its financial statements have been consolidated in POOL's financial statements. In that same year, the POOL management increased the paid-in capital from IDR 50 billion to IDR 150 billion.
Last year, the performance of the company and its POOL subsidiaries was affected by the investigation into the corruption case of PT Asuransi Jiwasraya (Persero)'s customer funds by the Criminal and Investigation Agency (Bareskrim) and the Supreme Audit Agency (BPK). (LK/LM)