PT Temas Shipping announced that it has received IDR 327 billion in funding from PT Temas Tbk.
PT Temas Shipping announced that it has received IDR 327,000,000,000 in an equity round of funding on December 7, 2020. The transaction included participation from returning investor, PT Temas Tbk. (IDX:TMAS). Out of the gross proceeds, IDR 250,000,000,000 will go towards share capital and IDR 77,000,000,000 will be deposited in capital reserve. Pursuant to the transaction, the investor will hold 99.85% stake in the company.