JAKARTA. PT Jaya Sukses Makmur Sentosa Tbk (RISE), a real estate company owned by Hermanto Tanoko of Tancorp Group, has acquired a credit facility worth IDR 400 billion from PT Bank Central Asia Tbk (BBCA) or Bank BCA.

Go Herliani Prayogo, Corporate Secretary of RISE, confirmed that the credit is given in the form of local credit (checking account). "The purpose of the transaction is to expand the business," Prayogo further said in the official statement. 

The tenor of this credit facility, Prayogo said, is 12 months starting from the signing of the credit agreement. However, the interest charged by Bank BCA upon this credit facility is not disclosed.

According to IDNFinancials data, RISE recorded total assets worth IDR 2.91 trillion until the end of September 2023. The cash and cash equivalent was reported at IDR 292.26 billion, while its total equity clocked up to IDR 2.44 trillion. 

As of now, 80.29% of RISE is under the control of Hermanto Tanoko through PT Tancorp Global Sentosa. Then, PT Berneroca Uniti Abadi Harmoni has another 0.0001%, leaving the remaining 19.7% to retail investors, with ownership portion of less than 5% each. (KR/ZH)