PPRO - PT. PP Properti Tbk

Rp 101

-2 (-1,94%)

JAKARTA - PT PP Properti Tbk (PPRO) prepares a capital expenditure (CapEx) of approximately Rp 1.3 trillion-Rp 1.4 trillion this year. The CapEx allocation is sourced from internal cash and corporate action.

Indaryanto, Finance Director of PT PP Properti Tbk (PPRO) stated that the CapEx will be used to expand its project. “We have enough land banks, around 300 hectares. If there are some investors who would like to cooperate, we will welcome them,” he said

According to Indaryanto, in 2018, the company obtained the permission to issue Shelf Registration Bonds II at a total value of Rp 2 trillion. The company has issued about Rp 660 billion last year, and will issue again about Rp 800 billion this year (LK/AR/W).