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Sinarmas Group invests USD 25 million in Vidio.com

15 June 2022 10:11

JAKARTA – PT Dian Swastatika Sentosa Tbk (DSSA), a part of Sinarmas Group, puts in an investment worth USD 25 million in PT Vidio Dot Com, the managing company of Vidio.com platform. It is intended to support its digital business expansion. Said corporate action is carried out through its indirect subsidiary, PT DSST Video Gemilang, yesterday (14/6).

In the information disclosure quoted today (15/6), Susan Chandra, Corporate Secretary of Dian Swastatika Sentosa, confirmed that DSST Video Gemilang took part in the equity participation of Vidio.com. “The insertion of the company in Vidio.com hopefully can solidify the development of the digital ecosystem of the company,” she added.

Video Gemilang is a subsidiary of PT DSST Mas Gemilang and PT Sinarmas Sukses Sejahtera (SSS) that was formed on April 14, 2022. Video Gemilang acts as a parent company, possessing issued and paid-up capital of IDR 2.5 billion.

Another new investor of Vidio.com, which has recently entered, is PT Bali Bintang Sejahtera Tbk (BOLA), the managing company of Bali United soccer club. (LK/ZH)

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