JAKARTA. PT Carsurin Tbk (CRSN), a testing, inspection, and certification service provider, has purchased one plot of land in Kebon Jeruk, Jakarta, which will be used as an operational office.

Franciska Nilawati, Corporate Secretary of CRSN, said that this land is acquired for IDR 20.5 billion. This land plot is purchased from Thoma Farial, a party said to be unaffiliated with the company.

The source of funding used by CRSN, Nilawati added, is internal cash worth IDR 4.5 billion. Then, it is combined with investment credit facility of IDR 16 billion, secured from PT Bank Central Asia Tbk (BBCA) with a 60-month tenor.

For the record, CRSN also acquired rights to use over a building erected upon said land. “The purchase of the building, which will be functioned as the company’s office, will lower the company’s cash whilst increasing its assets,” Nilawati stated.

According to IDNFinancials data, CRSN booked cash of IDR 52.39 billion at the end of September 2023. Total assets were recorded at IDR 253.72 billion, while its total equity was reported t IDR 205.34 billion. (KR/ZH)