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Supporting subsidiaries, Armada Berjaya to channel IDR 2 billion loan

03 November 2022 18:32

JAKARTA. PT Armada Berjaya Trans Tbk (JAYA), a multimodal transportation service provider and a transportation management company, has granted a loan facility of IDR 2 billion for one of its subsidiaries, PT Aman Bae Perkasa (ABP).

Jap Astrid Patricia, President Commissioner of JAYA, mentioned that this loan facility is given to aid ABP in its business activities. "ABP, as a subsidiary, is expected to maximise its business performance," she said in the official disclosure.

According to idnfinancials.com data, ABP is a company engaged in the real estate business. It has gone commercial since 2021 and recorded total assets of IDR 15 billion as of June 30, 2022.

Meanwhile, JAYA itself has total assets of IDR 124.8 billion in possession. Its cash and cash equivalent clock up to IDR 12.6 billion, while its equity reached IDR 116 billion. (KR/ZH)

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