Jakarta - PT Golden Energy Mines Tbk (GEMS) announced that it has increased the authorised capital and paid-up capital of its subsidiary, PT Trisula Kencana Sakti (TKS) on December 20, 2024. 

TKS, which operates a mine owned by GEMS, now has an authorised capital of 900,000 shares with a nominal value of Rp450 billion, an increase from the previous 800,000 shares worth IDR400 billion.

In addition, GEMS also deposited additional capital of 833,300 shares with a nominal value of Rp416.65 billion. 

TKS is a subsidiary of GEMS which directly has an effective ownership percentage and voting rights of 99.99%.

This capital increase, which is based on TKS Deed No. 263 dated 19 December 2024, aims to strengthen TKS' financial position and comes from the company's internal cash.(DK/LM)