JAKARTA. PT MPX Logistics International TBk (MPXL), a transportation and logistics company, has reportedly added 23 new vehicles to its fleet. 

Nilam Sari Siregar, Corporate Secretary of MPXL, confirmed that the company has signed an order letter for those vehicles. New vehicles in question consist of 20 units of Hi-Blow heavy duty trucks (tronton trucks) and 3 units of Hi-Blow trailers.

"This purchase will be funded by financial institution," Siregar admitted in the information disclosure in Indonesia Stock Exchange (IDX). 

With this new trucks, Siregar believed that the acquisition will expand business and boost revenue of the company. Furthermore, fixed assets will increase, albeit the same goes for long-term debts. 

According to IDNFinancials data, MPXL only booked cash and cash equivalent of IDR 7.37 billion in June 2023. Its total assets clocked up to IDR 112.43 billion, while the equity was totalled to IDR 68.34 billion. (KR/ZH)