JAKARTA - PT. Widodo Makmur Perkasa (IDX:WMPP), has signed a Put Option Agreement (POA) worth Rp600 billion with a global alternative investment group, LDA Capital (LDA). WMPP operates as a holding company with five subsidiaries: Integrated Cattle Farm, Meat Processing, Meat Processing and Process Products, Commodities, Construction & Energy. For the past 26 years, WMPP has become one of the leading companies in Indonesia's rapidly growing consumer goods and agriculture commodities sector.
Tumiyana, CEO of WMPP, welcomes the support of LDA Capital as an international investment partner, which provides WMPP with a flexible source of equity funding. “This funding is a new achievement for WMPP. LDA Capital's investment is an acknowledgment of our track record and continued achievements in the consumer goods and agriculture commodities sector. The Indonesian food industry has shown solid growth in recent years and will continue to be the 4th most populous country in the world in terms of population. This funding from LDA will help strengthen our balance sheet apart from the strong revenue streams that WMPP achieved on a YoY basis.”
With the commitment of LDA capital, WMPP has strengthened its balance sheet and will use the funds for working capital and capital expenditure needs.
LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. Our team has dedicated their careers to international & cross-border opportunities having collectively executed over 250 transactions in public and private medium markets in 43 countries with an aggregate transaction value of over US$10 billion. (LM)