JAKARTA. PT Indospring Tbk (INDS), an automotive spare part manufacturer, has received dividend from one of its subsidiaries, PT MK Prima Indonesia.

The cash dividend gained by INDS from MK Prima Indonesia amounts to USD 255 thousand or approximately IDR 3.88 billion. “It is decided based on the result of General Meeting of Shareholders of MK Prima Indonesia on May 9, 2023,” Bob Budiono, Director of INDS, mentioned in the information disclosure in Indonesia Stock Exchange (IDX).

According to IDNFinancials data, MK Prima Indonesia is a subsidiary of INDS that is engaged in the manufacturing business. It has been operating since 1995 in Gresik.

As of June 30, 2023, INDS owned 51% of MK Prima Indonesia. Total assets of MK Prima Indonesia were recorded worth IDR 391.86 billion. (KR/ZH)