JAKARTA. PT Dian Swastatika Sentosa Tbk (DSSA), an energy company owned by the Sinarmas Group, has provided a capital injection of IDR 16.16 billion for one of its subsidiaries, namely PT DSSP Power Mas Sejahtera (PMS).

Susan Chandra, Corporate Secretary of DSSA, said that the capital injection was given in order to increase PMS' authorized capital from IDR 1 billion to IDR 65 billion. In addition, PMS has also increased its issued and paid-up capital from IDR 250 million to IDR 16.41 billion.

The increase in issued and paid-up capital is equivalent to 16,158 new shares, all of which were subscribed to by PT Daya Anugerah Sejati Utama (DASU). For the record, DASU is one of the subsidiaries directly owned by DSSA.

"PMS and DASU are subsidiaries of the company with effective ownership of more than 99%," said Chandra, through an information disclosure on the Indonesia Stock Exchange (IDX).

Chandra emphasized that the capital injection had no significant impact on DSSA's financial condition. According to infinancials.com data, DSSA had cash and cash equivalents of US$1.05 billion as of March 31 2023. (KR/LM)