JAKARTA, IFN -- PT Mitra Adiperkasa Tbk (MAPI) plans to issue 1.5 trillion unsecured bonds with a zero coupon and maturity of five years.
Corporate Secretary Fetty Kwartati said, proceeds from the issuance of debt securities to pay the debt, which improves the level of debt and lower interest costs in the future.
Debt securities is intended Asia Sportswear Holdings Pte Ltd. Furthermore, debt securities transferred to PT MAP Active Adiperkasa (MAA) at the time of implementation of internal reorganization.
On March 30, 2015, the company has signed an agreement with MAA reorganization with respect to the separation of the active effort on the company's business consists of business activities conducted by active division includes retail trade and large trade / wholeshale (sports fields, golf, children, relatives), trade retail / retail (field of footwear under Payless stores), and production activities in Indonesia over the goods.
"Internal Reorganization This provides an opportunity for MAPI to cooperate with Montage Company Limited, a subsidiary of CVC Capital Partners, active business related," said Fetty through IDX information disclosure, today.
Later, the company will also publish the option to Montage Company Limited on 30% of active business carried on by the MAA, which option will be performed at the time of MAA conducting an IPO.
"Internal Reorganization, issuance of bonds, and the publication of this option will be subject to approval of the shareholders and the authorities," he said.
He emphasized that this internal reorganization will allow active business to operate as an independent company and increase its focus to unlock the great potential of active businesses in the country.
"It will also provide an opportunity for active business under the MAA to increase their own capital, including an IPO in the future," he said,
In 2014, retail issuers recorded net revenue growth of approximately 21.4% to Rp11,82 trillion with a net profit of Rp73 billion.
Corporate Secretary Fetty Kwartati said, proceeds from the issuance of debt securities to pay the debt, which improves the level of debt and lower interest costs in the future.
Debt securities is intended Asia Sportswear Holdings Pte Ltd. Furthermore, debt securities transferred to PT MAP Active Adiperkasa (MAA) at the time of implementation of internal reorganization.
On March 30, 2015, the company has signed an agreement with MAA reorganization with respect to the separation of the active effort on the company's business consists of business activities conducted by active division includes retail trade and large trade / wholeshale (sports fields, golf, children, relatives), trade retail / retail (field of footwear under Payless stores), and production activities in Indonesia over the goods.
"Internal Reorganization This provides an opportunity for MAPI to cooperate with Montage Company Limited, a subsidiary of CVC Capital Partners, active business related," said Fetty through IDX information disclosure, today.
Later, the company will also publish the option to Montage Company Limited on 30% of active business carried on by the MAA, which option will be performed at the time of MAA conducting an IPO.
"Internal Reorganization, issuance of bonds, and the publication of this option will be subject to approval of the shareholders and the authorities," he said.
He emphasized that this internal reorganization will allow active business to operate as an independent company and increase its focus to unlock the great potential of active businesses in the country.
"It will also provide an opportunity for active business under the MAA to increase their own capital, including an IPO in the future," he said,
In 2014, retail issuers recorded net revenue growth of approximately 21.4% to Rp11,82 trillion with a net profit of Rp73 billion.
Comments
Post a Comment