JAKARTA. PT Samudera Indonesia Tbk (SMDR), one of the biggest logistics and shipping service companies in Indonesia, has channelled extra capital investment worth IDR 460 billion. 

Farida Helianti Sastrosatomo, Director of Compliance and Corporate Secretary of SMDR, confirmed that said capital investment is granted for PT Samudera Pelabuhan Indonesia (SPLI). For the record, SPLI is a company directly owned by SMDR with an ownership percentage of 99.98%.

"The transaction of capital investment is carried out to solidify SPLI's capital structure, as well as being included as one of strategic measures to promote SPLI's investment and business activities, so that it may increase its revenue contribution to the company," Sastrosatomo explained in the information disclosure in Indonesia Stock Exchange (IDX).

Sastrosatomo also mentioned that this capital injection is not a material transaction as regulated by Financial Services Authority (OJK), as the transaction value does not exceed 20% of total equity of the company.

According to IDNFinancials data, SMDR recorded total cash and cash equivalent of USD 372.07 million at the end of September 2023. It is equal to IDR 5.79 trillion using the currency exchange rate of IDR 15,572.4 per USD. (KR/ZH)