JAKARTA. PT Mega Perintis Tbk (ZONE), a garment and retail company, has divested one of its indirect subsidiaries, PT Mitra Perintis Merdeka (MPM).
Luki Rusli, Director of ZONE, revealed that MPM is indeed a subsidiary owned by his company through PT Mega Putra Garmen (MPG). The ownership percentage of MPG in MPM was 25%.
“On August 23, 2022, MPG has reassigned its entire portion in MPM to a third party (non-affiliated),” Rusli continued in the information disclosure page in Indonesia Stock Exchange (IDX).
ZONE does not specify the value that MPG gains from divesting its entire shares in MPM. However, for reference, until June 30, 2022, the net book value of MPM reportedly reached IDR 1.9 billion.
Then, for the record, MPM indeed suffered from a loss of IDR 42.48 million. Despite this unfortunate situation, MPM managed to bring home a net profit of IDR 653.44 million in the fiscal year 2021. (KR/ZH)