JAKARTA. PT MPX Logistics International Tbk (MPXL), a transportation and logistics listed on Indonesia Stock Exchange (IDX) last May, has managed to obtain a credit facility of IDR 40.94 billion.

Nilam Sari Siregar, Corporate Secretary of MPXL, confirmed that this credit facility is granted by PT Bank Central Asia Tbk (BBCA) or BCA. This facility will be given in the form of investment.

“This investment credit will be used to fund the acquisition of a new heavy-duty truck, the construction of a garage and workshop of the company,” Siregar mentioned in the information disclosure.

For further details, Siregar said that this new unit acquired by the company will be reserved for Nusantara Capital City (IKN project’s needs. With this new unit on board, Siregar said that the revenue of the company is expected to grow even more.

According to IDNFinancials data, MPXL recorded total assets of IDR 112.43 billion as of June 30, 2023, with cash and cash equivalent of IDR 7.37 billion, and total equity worth IDR 86.34 billion.

MPXL began to be listed on IDX on May 9, 2023. In its Initial Public Offering (IPO), the company offered 400 million shares and raised fresh funds of IDR 43.2 billion. (KR/ZH)