JAKARTA. PT RMK Energy Tbk (RMKE), a coal mining logistics company, is offering loan facilities worth a total of IDR 416 billion to several affiliates.

It was announced by the management of RMKE in the information disclosure in Indonesia Stock Exchange. Several affiliated companies that receive this loan facility are namely PT Rantaimulia Kencana (RMK), PT Royaltama Marina Kencana (RMKA), PT RMK Investma (RMKI), PT RMK Mekanika Investama (RMKMI), PT RMK Powerindo Kencana (RPK), and PT Wahana Sukses Sejati (WSS).

The affiliation between RMKE and the companies mentioned above could be traced back to shared controlling party.

“Not only does this loan distribution offer interest income but it also grants other benefits such as allowing the company to rent heavy equipment to companies invested by related parties,” said the management of RMKE in the official disclosure.

RMKE projects net profit margin to increase to 12.21% in 2024 with this loan facility. However, the debt-to-equity ratio will soar to 103.16%. (KR/ZH)