JAKARTA. PT Bukaka Teknik Utama Tbk (BUKK) has channelled fresh funds of IDR 240 billion to one of its subsidiaries, PT Bumi Mineral Sulawesi (BMS).

Said extra capital is given in relation to the increase of BMS’s issued and paid-up capital of 700 thousand shares, or approximately 100% of BMS’s shares. All these shares will be taken over by BUKK.

However, in its execution, BUKK’s capital investment in BMS will be added gradually. In the first phase, the company will utilise loan facility received from PT Malea Energy (PTME) as capital investment. For the record, PTME is also an affiliated company of the company.

“This transaction will grant added value for the company. With this transaction under way, this company will expand its business in energy and mining investment sector,” the management of BUKK mentioned in the official disclosure (KR/ZH)