JAKARTA. PT Triputra Agro Persada Tbk (TAPG) has obtained an extension to its investment credit limit from PT Bank OCBC NISP Tbk (NISP) worth IDR 300 billion.

Jony Tjeng, Corporate Secretary of TAPG, mentioned that said additional credit facility was acquired on August 28, 2024, and will be used for subsidiary’s needs. “This working capital credit transaction does not pose any material impact,” he said in the information disclosure in Indonesia Stock Exchange (IDX).

According to IDNFinancials data, on November 13, 2023, TAPG, through its subsidiary, had acquired a credit facility worth IDR 589 billion from NISP. With this extra limit, total credit facility received by TAPG’s subsidiary from NISP clocks up to IDR 889 billion.

Based on IDNFinancials record, TAPG saw 5 points decline, or weakening 0.71% to IDR 695 per share until 10.27 AM WIB today (29/8). However, since the beginning of this year, its stock price has soared 150 points or 27.52% up from IDR 545 per share. (KR/ZH)