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Securing lease contract, Ifishdeco to gain IDR 4.32 billion

27 September 2022 10:19

JAKARTA. PT Ifishdeco Tbk (IFSH) has recently signed a lease agreement for heavy equipment with PT Ghani Voltron Indonesia (GVI), an affiliated company.

In this agreement, IFSH will lease 8 units of Sumitomo Crawler Excavator SH2 10-6 to GVI. The contract states that each unit will be leased for IDR 45 million for one-month contract period.

“The purpose of this transaction is GVI’s operational activities at the mine under the Mining Business License area of PT Patrindo Jaya Makmur,” Muhammad Ishaq, Director of IFSH, mentioned in its official disclosure.

On the same occasion, Ishaq claimed that this lease contract also helps to optimise the underutilised heavy equipment of IFSH. “There is no material impact that will harm the operational activities, the financial condition, or the business sustainability of the company,” he added. (KR/ZH)

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