DSSA boosts loan size for coal subsidiary
Wednesday, October 5 2016 - 06:05 AM WIB
IDX-listed coal mining firm PT Dian Swastatika Sentosa Tbk (DSSA) it had on September 30 agreed to amend a loan facility agreement to PT Manggala Alam Lestari, its indirect subsidiary, by increasing the loan facility from Rp 23 billion to Rp 50 billion. Other terms and conditions which are not amended, shall remain in force.
DSSA said in a statement on Tuesday the purpose of the increase of loan facility is to support the additional working capital of PT Manggala.
DSSA through IDX-listed PT Golden Energy Mines Tbk owns PT Manggala, which owns a combined 4,836 hectares coal concession in Musi Banyuasin Regency, South Sumatra.
Editing by Reiner Simanjuntak