Ancora?s subsidiary gets more loan
Tuesday, July 10 2012 - 09:09 AM WIB
PT Bormindo Nusantara, a subsidiary of PT Ancora Indonesia Resources Tbk. previously reported to have secured loans worth US$16.55 million from state owned Bank Mandiri, announced that it has acquired additional loan facility from Bank Mandiri amounting to more than 50 percent of the company's consolidated equity.
According to Ancora?s report submitted to the Indonesian Stock Exchange, the additional loan facility comprises of up to US$10 million worth of investment credit and Rp8 billion worth of working capital fixed loan.
Ancora has a number of subsidiaries including blasting company PT Multi Nitrotama Kimia (MNK), drilling-services company PT Bormindo Nusantaraand a shipping unit PT Ancora Shipping that focuses on coal transportation.
Editing by Audy Zandri