JAKARTA - PT Logindo Samuderamakmur Tbk (LEAD) will pay loan worth USD 20 million via debt conversion of 1.75 billion shares of IDR 25 each. This corporate action, carried out via a private placement, has been approved by its shareholders last week (14/11).

Denny Haryanto, Corporate Secretary of LEAD, mentioned that the issued and paid-up capital will rise to 144.99 billion from 101.24 billion shares.

Then, out of the 1.75 billion issued shares, 1.34 billion shares were taken over by PT Jalan Terang Samudra (JTS) worth IDR 33.62 billion. Another 150.29 million shares will go to OCP Asia Fund IV (SFO) Pte Ltd, worth IDR 3.75 billion; while OCP Asia Fund V (SFI) Pte Ltd will acquire 254.70 million shares worth IDR 6.36 billion.

In June 2024, total assets were recorded at USD 126.15 million, with total liabilities of USD 102.60 million, total equity of USD 23.55 million, and net working capital of USD 3.02 million.

Until June 2024, the revenue was at USD 22.01 million, while gross profit reached USD 7.18 million, operating profit USD 4.07 million, and loss USD 218,475. (LK/ZH)