Information Disclosure
Loan facility to the Company’s subsidiaries and change of name of the Company’s subsidiary
On August 30, 2021, the Company provided loan facility to PT DSSE Energi Mas Utama, a subsidiary of the Company, with a limit up to USD 100,000,000 for a period from the execution date of the agreement to August 30, 2022. This facility will be used, among others, to support working capital needs and business development of the Company’s subsidiaries.
On September 1, 2021, PT Eka Mas Republik, a subsidiary of the Company, signed a financing facility agreement with PT Bank Syariah Indonesia Tbk with a limit up to Rp400,000,000,000 for a 84-month period. This facility is secured, among others, by assets of the subsidiaries. This facility will be used, among others, to support business development of the Company’s subsidiaries.
On September 1, 2021, PT DSSA Mas Sejahtera (“DSSA MS”), a direct subsidiary of the Company, changed its name to PT DSST Mas Gemilang (“DSST MG”). DSST MG is a holding company that oversees investment assets related to the technology business, including assets currently owned by the Company as well as future potential technology assets.