Press Release APLN Shareholder Advance and Facility Agreement
September 26, 2019
Jakarta, September 26, 2019. PT Agung Podomoro Land Tbk (“APLN” or “Company”) – (Ticker IDX: APLN) – announced that the Company has signed an agreement with PT Indofica and Trihatma Kusuma Haliman, in which they agreed to subscribe for new shares in the Company. In connection with that agreement, the Company has received IDR800 billion shareholder advance for the capital subscription. The shareholder advance subscription will be converted into shares of the Company, after shareholder approval obtained at the Company’s EGMS, in November 2019.
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