JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR) has increased capital of PT Jasamarga Tollroad Operator (JTMO), a subsidiary engaged in the toll road operation.

The increased capital is given in non-cash (inbreng scheme), in the form of a Command Centre. "This transaction is valued at IDR 13.42 billion," Nixon Sitorus, Corporate Secretary and CAO of JSMR, revealed.

In the official statement, Sitorus said that this extra capital is given to support JTMO's future business prospects. "It is to offer new business opportunities, as well as acting as an added value to JTMO," continued Sitorus.

According to IDNFinancials data, JTMO is a business entity formed by JSMR in 2015. Until March 31, 2023, JTMO recorded total assets before elimination of IDR 1.36 trillion.

Meanwhile, JSMR also held onto cash and cash equivalent of IDR 5.45 trillion in March 2023. Its total assets were recorded at IDR 89.65 trillion, while its total equity reached IDR 26.08 trillion. (KR/ZH)