PTSN Obtains New Investment for New Factory

By Editorial Team 23/08/2019
Summary

Listed electronics manufacturer PT Sat Nusapersada Tbk (PTSN) signed a Credit Agreement with PT Bank Negara Indonesia Tbk. According to information disclosure on the Indonesia Stock Exchange released on Thursday (8/22), PTSN received two investment credits totaling US$ 1.60 million (Rp 22.79 billion) and US$ 2.08 million (Rp 29.61 billion). Additionally, the company received a working capital load of US$ 2 million, equivalent to Rp 28.4 billion.

Sat Nusapersada President Director Abidin Fan said the company plans to use the loan for new factory construction and working capital. "After the new factory is completed, it will increase production capacity and production warehouse capacity," Abidin said in the information disclosure, Thursday (8/22).

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