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Reliance Sekuritas to gain 99% control over RMI

28 July 2022 06:35

JAKARTA – PT Reliance Sekuritas Indonesia Tbk (RELI) acquires 99% of the portion of PT Reliance Capital Management (RCM) in PT Reliance Manajer Investasi (RMI).

“The value of this shares takeover transaction in RMI amounts to IDR 40 billion,” Nurwati Tunggal, Corporate Secretary of Reliance Sekuritas Indonesia, revealed in the information disclosure quoted Thursday (28/7).

Said transaction is equal to 7.9% of RELI’s total net equity reported in March 2022 worh IDR 508.04 billion. Furthermore, its total liabilities and equity clocked up to IDR 673 billion.

RCM is the parent company of RELI, owning 86.49% or a total of IDR 155.68 billion of the entire issued and paid-up capital of RELI of IDR 180 billion. The remaining portion of 13.51% belongs to the public. Furthermore, RCI is technically a sister company of RELI as both are under RCM Group. (LK/ZH)

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