Golden Energy tops up loan for subsidiary
Wednesday, June 19 2013 - 01:12 AM WIB
By Peni Pedriawan
IDX-listed PT Golden Energy Mines Tbk has expanded its lending facility for subsidiary PT Kara Cemerlang Persada (KCP) to US$20 million from the pervious ceiling of $15 million.
The two companies signed a new lending agreement on June 14, 2013, revising an earlier agreement made in October of last year, Golden said in a statement received late Tuesday.
The loan will be used by KCP to finance capital expenditure and develop coal infrastructure facilities.
Editing by Tri Subhki Rakhmatullah