JAKARTA. PT Orimba Alam Kreasi (OAK), one of subsidiaries of PT SLJ Global Tbk (SULI), has reportedly signed a credit agreement with ACLF Investments Hong Kong Limited.

Amir Sunarko, President Director of SULI, mentioned that ACLF Investments is a company headquartered in Hong Kong. ACLF Investment grants private loans focusing on climate, environmental, and social impacts.

The credit facility that will be received by OAK is USD 5 million. “The loan would only be available for OAK once the creditor [ACLF] has received all documents and proofs that are listed as preceding requirements for utilisation,” added Sunarko.

“The fund will be used by OAK for working capital, maintenance, and other capital expenditures,” said Sunarko.

According to IDNFinancials data, SULI recorded cash and cash equivalent of USD 318.16 thousand as of June 30, 2024. Total assets were recorded at USD 48.93 million, with total equity clocking up to USD 21.49 million. (KR/ZH)