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PT Bumilanggeng secures IDR40 billion loan

JAKARTA: PT Bumilanggeng Perdanatrada, a subsidiary of PT BW Plantation Tbk, obtained IDR40 billion loan from Lembaga Pembiayaan Ekspor Impor (Indonesia Eximbank) for working capital.In disclosure information published today, the loan has tenor 0f 12

JAKARTA: PT Bumilanggeng Perdanatrada, a subsidiary of PT BW Plantation Tbk, obtained IDR40 billion loan from Lembaga Pembiayaan Ekspor Impor (Indonesia Eximbank) for working capital.In disclosure information published today, the loan has tenor 0f 12 months and expected return of 10% per year.As earlier reported, BW Plantation plans to spend IDR500 billion of working capital which will be funded by bank loans and internal cash.The company targets to disburse IDR230 billion for expand 10,400 hectares new plantation. BW Plantation will acquire 50,000 100,000 hectares of new plants in Kalimantan.The BWPT-coded stock remained unchanged at IDR1,150 at the Jakarta Stock Exchange today. (msw)

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