JAKARTA. PT Sari Kreasi Boga Tbk (RAFI) hands out extra investment to one of its subsidiaries, PT Lazizaa Rahmat Semesta (LRS).

Eko Pujianto, President Director of RAFI, confirmed that this extra capital investment given to LRS amounts to IDR 18.91 billion. This additional money also grants an increase in RAFI’s shares in LRS to 44,902 units of shares, equivalent to 54.02% of LRS’s entire issued and paid-up capital.

“There are no material impacts on operational and legal activities, as well as financial condition and business sustainability of the company,” Pujianto added in the information disclosure in Indonesia Stock Exchange (IDX) earlier today (2/1).

According to IDNFinancials data, LRS is a company recently acquired by RAFI in 2022. RAFI had allocated IDR 13 billion of its initial public offering (IPO) proceeds to complete the acquisition of LRS.

Therefore, the total investment spent by RAFI for LRS now clocks up to IDR 31.91 billion. It includes this most recent extra investment worth IDR 18.91 billion. (KR/ZH)