InfoSAWIT, JAKARTA – The viral investor, Lo Kheng Hong as the share owner of palm oil plantation company, ANJT that has 5,1%, also encouraged the corporate’s business. The subsidiary of crude palm oil (CPO) producer delivered loan to its two subsidiaries for about US$ 10 million.
The capital loan - US$ 10 million or Rp 147, 52 billion was in memorandum of understanding that was signed on 12 May 2023.
As InfoSAWIT quoted from Bisnis, Director of Austindo Nusantara Jaya Naga Waskita in the public information, told that the capital loan was handed over to PT Sahabat Mewah dan Makmur (SMM) and PT Putera Manunggal Perkasa (PMP).
It was handed over within secured overnight funding rate (SOFR) for one month, added by credit adjustment spread and 2,25 percent per year for the loan which would be got in US dollar.
If the loan is taken back in rupiah currency, the available loan would be reaching 8,25 percent.
As CPO producer, PT Austindo Nusantara Jaya Tbk., is the company that operates palm oil plantations, mills and produces CPO.
The businesses of ANJT, its subsidiaries, and the income would depend on fresh fruit bunch (FFB) and CPO price. Though the company operates other commodities, ANJT still has many prospects from CPO. (T1)
Disclaimer: This article is a qualified reference only, does not take or influence someone’s decision to invest. The writer is not in charge in every action to invest.
