JAKARTA – PT Wahana Interfood Nusantara Tbk (COCO), a cocoa powder manufacturer, secures a musyarakah mutanaqisah (MMQ) loan worth a total of IDR 25 billion to purchase two units of shop-houses in South Jakarta. Reinald Siswanto, President Director of COCO, announced the news in the information disclosure quoted Monday (25/7).
“We have signed the agreement of loan facility under the MMQ principles with Sharia Business Unit of PT Bank Sinarmas Tbk (BSIM) last week (20/7),” Siswanto further revealed.
The MMQ facility is a non-revolving loan, comprising a bank hishah of IDR 23.75 billion and the user hishah of IDR 1.25 billion, leading to a total bank ratio (nisbah) of 95%. Two shop-houses in question are located in Wijaya I Street, No.83, Petogogan, South Jakarta.
The acquisition of those properties are expected to aid operational activities of the company, especially in the product distribution and marketing segments. (LK/ZH)