JAKARTA. PT FKS Multi Agro Tbk (FISH), has signed a trade financing facility agreement with Bank of China (Hongkong) Limited.

The total trade financing facility amounts to USD 10 million, which will be available for one year starting from the signing date. The company submitted a fiduciary guarantee for the goods supply and accounts receivables.

“Said facility is intended to fund the working capital needs of the company,” Farah Reza Praditya, Corporate Secretary of FISH.

According to IDNFinancials data, FISH also secured a credit facility from PT Bank CIMB Niaga Tbk (BNGA) at the end of 2022. Based on the information disclosure in Indonesia Stock Exchange (IDX), the credit facility limit given by BNGA was IDR 250 billion.

Until September 30, 2022, FISH recorded total assets of USD 523.81 million, with cash and cash equivalent of USD 54.46 million. Meanwhile, its total equity clocked up to USD 156.63 million. (KR/ZH)