Erajaya Subsidiary Executes Significant Affiliated Transaction

Capital Injection into Affiliated Company

PT Erafone Artha Retailindo (EAR), a subsidiary of PT Erajaya Swasembada Tbk (ERAA), has completed an affiliated transaction amounting to Rp44.55 billion. The transaction was executed through an additional capital participation in PT Mandiri Sinergi Niaga (MSN), a company affiliated with ERAA.

Impact on MSN's Capital Structure

The capital injection has significantly strengthened MSN's financial position by increasing its paid-up capital from Rp59.71 billion to Rp104.27 billion. This substantial increase in capital is expected to enhance MSN's operational capabilities and support its business growth initiatives.

Strategic Implications for Erajaya Group

This transaction reflects ERAA's strategic approach to consolidating and strengthening its affiliated companies. By injecting additional capital into MSN, ERAA demonstrates its commitment to supporting the growth and development of its business ecosystem. The move is likely to have positive implications for the overall performance of the Erajaya Group.