PT Agis Tbk got IDR325 billion injection from the Global Emerging Markets (GEM), a Swiss-based global investment institution which manages US$3.4 billion funds.
The total IDR325 billion fund injection from investment facilities such as IDR200 billion worth equity line of credit. It implies GEM has committed to absorb new AGIS new stocks worth IDR200 billion in total.
The sign of agreement was done on April 23. GEM also committed to absorb 1 billion units of warrants. With the commitment, GEM prepares IDR125 billion extra budget to execute Agis warrants. The deal is regulated and facilitated by PT Victoria Sekuritas.
The sign of agreement was done on April 23. GEM also committed to absorb 1 billion units of warrants. With the commitment, GEM prepares IDR125 billion extra budget to execute Agis warrants. The deal is regulated and facilitated by PT Victoria Sekuritas.
The investment deal sign here was the long term funding strategy as GEM fund is potentially to increase up to US$100 million.
Last year Agis recorded revenue plummet by 28.10 percent from IDR450.19 billion in 2008 into IDR323.66 billion. at the time, the company suffered from exchange rate losses of IDR709.89 million. The year before, Agis raked up IDR117.02 million profits from the exchange rate gap.
Last year Agis recorded revenue plummet by 28.10 percent from IDR450.19 billion in 2008 into IDR323.66 billion. at the time, the company suffered from exchange rate losses of IDR709.89 million. The year before, Agis raked up IDR117.02 million profits from the exchange rate gap.
No comments:
Post a Comment