JAKARTA. Erajaya Property Holding Pte. Ltd. (EPH), a subsidiary of PT Erajaya Swasembada Tbk (ERAA), has been granted an extra capital of SGD 25 thousand. 

Amelia Allen, Head of Legal & Corporate Secretary of ERAA, said that this capital injection is made in relation to the increase of issued and paid-up capital of EPH through the issuance of 25 thousand new shares. 

All those new shares are worth SGD 1 each. ERAA, as the shareholder of EPH, through Erajaya Holding Pte Ltd (EH) will take over 12,500 new shares worth a total of SGD 12.5 thousand.

In the meantime, another EPH's shareholder, Fortune Peninsula Holdings Pte. Ltd. will also take over 50% of the new shares, thus bringing the portions of EH and Fortune Peninsula to remain stable at 50%. 

"EPH's transaction carried out by the company through EH used EH's internal cash," Allen confirmed in the information disclosure in Indonesia Stock Exchange (IDX). 

This extra capital makes EPH's issued and paid-up capital grows to SGD 11.5 million. Prior to this, it was only SGD 11.52 million.

For the record, EPH is a company engaged in the private property and real estate industry. Furthermore, EPH also carries out commercial property business, including exhibition spaces, shopping centres, and private storage facilities in Singapore. (KR/ZH)