JAKARTA. PT Erajaya Swasembada Tbk (ERAA), through one of its subsidiaries, Eraspace Pte. Ltd., has channelled additional capital to PT Teknologi Belanja Digital (TBD) in order to keep its stock ownership.

This corporate action is carried out according to the agreement of TBD’s shareholders to increase its issued and paid-up capital of TBD, rising to IDR 12.1 billion from the previous IDR 10.1 billion.

Amelia Allen, Corporate Secretary of ERAA, confirmed that TBD’s capital increase is carried out through the issuance of 1,020 shares, with a face value of IDR 1 million each. “The total value of this transaction is IDR 2 billion, all of which is taken over, proportionally, by ES of 51% and other shareholders of 49%, in relation to this capital increase,” she explained in the official disclosure.

After the capital raise, Eraspace’s portion in TBD remains unchanged at 51%. Meanwhile, the remainder belongs to PT Perjuangan Anak Muda.

According to IDNFinancials data, TBD is a business entity engaged in the web portal, digital platform, and software development business. In addition, TBD also manages e-commerce applications in Indonesia. (KR/ZH)