JAKARTA - After the Financial Services Authority (OJK) suspended the financing business, PT Danasupra Erapacific Tbk (DEFI) changed its focus to investment.

Irianto Kusumadjaja, President Director of DEFI, said that the company will partner with a credible and trusted third party as an expert regarding the investment business plan.

"By the issuance of sanctions for revoking financing activities, the company cannot run a financing business. Therefore, the company is looking for business alternatives that are in accordance with the company's competencies," he said in an information disclosure quoted on Wednesday (17/5).

According to him, DEFI experienced a difficult time last year because it received a business activity suspension sanction from the OJK in January 2022.

With changes in business activities, his party projects a profit of around IDR 10 billion in the next five years. This achievement will affect the growth of the company's total assets and equity. For this plan, his party will seek approval at the Extraordinary General Meeting of Shareholders (EGMS) on June 26, 2023.

Currently, DEFI's share trading transactions on the Indonesia Stock Exchange (IDX) are in suspended status. (LK/LM)