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Videos » Ancora allocates US$ 7.5 million of capex
09 January 2019

JAKARTA - PT Ancora Indonesia Resources Tbk (OKAS) allocated a Capital Expenditure (Capex) of about US$ 7.5 million for its two subsidiaries, PT Multi Nitrotama Kimia and Indotan Lombok Pte Ltd. 

Rolaw P Samosir, President Director of PT Ancora Indonesia Resources Tbk (OKAS) stated that the capex amount for MNK is about US$ 3.5 million and US$ 4 million for Indotan. “Most of it (capex in Indotan) will be used for JORC,” he said.

He said the company has an agreement with creditors to restructure its loan of US$ 12 million. Meanwhile, its total loan in its subsidiary, PT MNK, is US$ 49 million. “We will continue the discussion with our existing creditors and other prospective creditors,” he added. (LK/AR/W)