JAKARTA – PT Trisula International Tbk (TRIS) defer the plan of transferring the down payment for an investment worth IDR 51 billion in PT Gita to PT Sumber Asa Eternal (SAE).
In the information disclosure quoted Friday (15/7), the cancellation of said plan is said to result from the failure of fulfilling some of requirements stated in the Financial Services Authority Regulation (POJK) No.42/2020. However, the detail regarding the unmet terms and condition is undisclosed.
What is known is in the particular regulation, it is said that the transaction might take place as long as there is no conflict of interest or any conflict of personal economy shared among members of the board of directors that coud jeopardise the company.
Initially, the agreement regarding the transfer of the down payment for the stock investment was signed by TRIS and SAE on April 5, 2022. However, the annulment was finalised a couple of days ago on July 12, 2022. It is worth noting that both companies share the same shareholders, namely Kiky Suherlan and Dedie Suherlan.
TRIS originally planned to channel a down payment for investment in Gita to SAE in the form of convertible loan. Said decision was chosen as Gita is yet able to show its value as expected by the company. (LK/ZH)