JAKARTA. PT Perintis Triniti Properti Tbk (TRIN) has acquired a loan facility from its shareholders worth a total of IDR 15 billion.

The facility consisted of IDR 8.25 billion loan from PT Kunci Daud Indonesia (KDI) and IDR 6.75 billion loan from PT Intan Investama International (III). KDI is the owner of 40.96% of TRIN’s shares, while III has a claim over 33.51% of TRIN’s shares, according to IDNFinancials data.

TRIN will be charged with an interest rate of 3% for this shareholder loan. For the record, the facility agreement will take effect for the next 9 months.

“The loan acquired from KDI and III is intended to fund the operational activities and preparations of new projects of the company,” the management of TRIN explained in the information disclosure in Indonesia Stock Exchange (IDX).

Until December 31, 2022, TRIN secured cash and cash equivalent of IDR 67.34 billion. The company also recorded total assets and equity of IDR 2.08 trillion and IDR 642.07 billion. (KR/ZH)