JAKARTA. PT Mega Perintis Tbk (ZONE), a trading product manufacturer and distributor, has given the capital injection of IDR 4.75 billion to one of its subsidiaries, PT Mega Putra Garment (MPG).
According to idnfinancials.com record, MPG is a company that is engaged in the clothing manufacturing industry. It started its commercial operation back in 2014 and as of now, has recorded total assets of IDR 117.05 billion. The portion of ZONE in MPG is as high as 99.99%, which includes 40% of the shares indirectly owned through PT Mitrelindo Global.
“The purpose of this capital increase of our subsidiary is to boost its working capital,” Luki Rusli, Director of ZONE, stated in the information disclosure in Indonesia Stock Exchange (IDX).
Based on idnfinancials.com data, at the end of August 2022, MPG had recently divested its subsidiary, PT Mitra Perintis Merdeka (MPM). At that time, MPG had controlled 25% of MPM. As of now, it had no percentage left after divesting MPM to a non-affiliate for an unspecified value.
ZONE only possessed cash of IDR 719.08 million at the end of June 2022. Meanwhile, its assets and equity clocked up to IDR 601.76 billion and IDR 326.53 billion. (KR/ZH)