JAKARTA – PT Rig Tenders Indonesia Tbk (RIGS) acquires 95% of Grundvig Marine Pte Ltd’s (GMP) shares placed in PT Batuah Abadi Lines, Banjarmasin, South Kalimantan, its other subsidiary, for IDR 106.33 billion. This transaction is intended to simplify and narrow the business group to increase efficiency.
Diah Triani Puspitasari, Corporate Secretary of Rig Tenders Indonesia, confirmed that the company has purchased 636,500 shares of GMP in BAL. “GMP is 100% owned by the company. Then, Kartika Hadi, the company director, also takes a position as Director of GMP,” she explained in the information disclosure quoted Tuesday (7/6).
GMP has been engaged in the investment field since December 14, 1982. It is headquartered in Cecil Court, Singapore. Its issued and paid-up capital clocks up to SGD 350,000 split into 350,000 units of shares. (LK/ZH)