PT Jakarta Setiabudi Internasional Tbk, an integrated property developer, raise US$50 million loans from PT Bank OCBC NISP Tbk which is allotted to expand corporate business through the development of some medium term projects.
The company runs some projects include apartment in Setiabudi Jakarta, residences in Yogyakarta, and mix used complex in Puri Kembangan, Jakarta.
The sign of loan deal of US$50 million from OCBC NISP was done on 20 April. The loan could be disbursed along with the corporate project fixtures and the payment will be under the following provision.
The sign of loan deal of US$50 million from OCBC NISP was done on 20 April. The loan could be disbursed along with the corporate project fixtures and the payment will be under the following provision.
Jakarta Setiabudi plans to build Formule Hotel 1 in the Djakarta Teater compound, Jakarta. The hotel construction is scheduled in semester II/2010 cost IDR40 billion which is expected to provide contribution by 2011.
The company also plans to share 2009 dividend on June 15, 2010. The total dividend value is IDR13.9 billion or IDR6 per share unit from the 2009 net profit worth DIR79.3 billion. The total corporate shares are 2.3 billion.
In quarter I/2010, JSI booked IDR215.52 billion sales consisting of hotel revenue worth IDR146.70 billion, real estate revenue worth IDR30.13, office leasing DIR20.94 billion, shopping center revenue IDR15.56 billion, and town house revenue IDR2.18 billion.
When compared to JSI revenue of the same period in previous year standing at DIR194.67 billion, the corporate revenue in quarter I/2010 grew by 10.71 percent.
When compared to JSI revenue of the same period in previous year standing at DIR194.67 billion, the corporate revenue in quarter I/2010 grew by 10.71 percent.
The company also has plan to sell two assets, Hotel Radian Ancol, Jakarta and Hotel Mercure Sanur, Bali. The sales are expected to realize this year.
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