JAKARTA. PT Habco Trans Maritima Tbk (HATM) has signed a credit agreement with PT Bank Central Asia Tbk (BBCA) or BCA with the limit set to IDR 540 billion.

Andrew Kam, President Director of HATM, said that the credit agreement was signed on October 29, 2024. In the agreement, BBCA is stated to provide tenor of 1 year for this facility.

It is worth mentioning that the credit facility agreement is categorised as material transaction as the amount of loan is equivalent to 59.13% of total equity as of June 30, 2024.

“The company had secured approval from General Meeting of Shareholders on March 15, 2024,” clarified Kam in the official statement.

In the future, the credit facility will be utilised by HATM to purchase vessels to support core business activities. This vessel acquisition is said to be carried out with third parties. (KR/ZH)