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RISE secures IDR 100 billion credit facility from Bank Central Asia

16 April 2021 18:39

JAKARTA. PT Jaya Sukses Makmur Sentosa Tbk (RISE), a property company owned by Tancorp Global Sentosa, announced the acquisition of a time loan revolving credit facility with a principal of IDR 100 billion from PT Bank Central Asia Tbk (BBCA).

Go Herliani Prayogo, Corporate Secretary of RISE, explained that this credit facility has a tenor of 12 months or one year. The credit facility obtained on April 15, said Prayogo, will be used by the company as working capital.

"Securing this credit facility by the company will have a positive impact on the company's business in the future," said Prayogo through an information disclosure on the Indonesia Stock Exchange today.

According to idnfinancials.com data, RISE recently increased its share ownership in PT Prambanan Bizland Indonesia. The additional investment in property companies is carried out to support the company's business performance growth.

"The company can increase its market share and expand its business reach," said Prayogo. (KR/LM)

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