JAKARTA – PT Bliss Properti Indonesia Tbk (POSA) has completed an affiliated transaction by increasing the paid-up capital in its three subsidiaries on January 7, 2025.

“The capital increase was carried out through a debt-to-equity conversion mechanism in three subsidiaries: PT Tanjung Pinang Indah, PT Lahan Makmur Indah, and PT ABC Bali Laut,” said POSA’s Director, Eko Heru Prasetyo, in a statement on Thursday (9/1).

Here are the details of the corporate action. In PT Tanjung Pinang Indah (TPI), POSA converted debt into 1.53 billion shares worth IDR 153.2 billion.

Following this capital increase, POSA now holds 2 billion shares in TPI with a nominal value of IDR 200.4 billion, while PT Bintang Baja Hitam (BBH) holds 1 share with a nominal value of IDR 100.

In addition, POSA also increased capital in PT Lahan Makmur Indah (LMI) by converting debt into 911.4 million shares worth IDR 91.14 billion.

After this step, POSA now holds 1.9 billion shares in LMI with a nominal value of IDR 195.12 billion, while BBH retains 1 share worth IDR 100.

Similarly, a capital increase was applied to PT ABC Bali Laut, where POSA converted debt into 22 million shares worth IDR 2.2 billion.

After this conversion, POSA holds 31.9 million shares in the company, with a nominal value of IDR 3.19 billion, and BBH holds 1 share worth IDR 100, just like in the other subsidiaries.

Eko further explained that these capital increases were formalized under the Debt-to-Equity Conversion Deeds No. 01, 02, and 03 dated January 7, 2025.

"This capital increase does not impact POSA’s operations, legal standing, financial condition, or business continuity," Eko concluded.

With this move, POSA demonstrates its commitment to strategically strengthening the capital structure of its subsidiaries without disrupting the operational stability of the parent company. (DK/ZH)