PT J Resources Nusantara announced that it has received IDR 1,443 billion in funding from PT J Resources Asia Pasifik Tbk.
January 26, 2012 at 09:30 am IST
PT J Resources Nusantara announced a private placement of 1,443,848 common shares at IDR 1,000,000 per share for gross proceeds of IDR 1,443,848,000,000 on January 26, 2012. PT J Resources Asia Pasifik Tbk will invest in the transaction and will hold 98.87% stake in the company upon completion.
On January 26, 2012, PT J Resources Nusantara closed the transaction.