PP Properti proposes Rp 4 trillion of loan to parent

PT PP Properti Tbk (PPRO) is in preliminary agreement to make a loan worth Rp 4 trillion to its parent company, PT PP Tbk (PTPP) on March 25, 2021. PTPP holds PPRO ownership of 64.96% of all shares issued by PP Properti. This transaction plan is an affiliate transaction that can be carried out if it is approved by the Extraordinary General Meeting of Shareholders (EGMS) which will be held on May 5, 2021.

May 04 2021, Kontan - Read 6 times

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