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Information Disclosure on Share Buying Transaction
Aug 02, 2021
PT Tanito Harum Nickel ('THN'), one of the subsidiaries of PT Harum Energy Tbk. (the 'Company') has acquired on 30 July 2021, 256,187 new shares or 14.7% of the total issued shares of PT Infei Metal Industry ('PT IMI'), with a purchase price of USD41,160,000, therefore increasing THN's ownership in PT IMI to become 39.2%.
PT Infei Metal Industry is a limited liability company established in accordance with the Indonesian law and engaged in the nickel refining business (smelter).
The purpose of the transaction conducted by the Company is to increase its share ownership in the nickel processing and refining business.
This share purchase transaction is funded by, among other, the combination of internal cash of THN and indirectly through funding from the syndicated bank loan facility comprising UOB Ltd, OCBC Ltd, DBS Bank Ltd dan PT Bank BTPN Tbk.
There is no material impact from the above purchase of shares toward the operational activities, legal, financial condition or business continuity of the Company.
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PT Harum Energy Tbk published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 09:31:03 UTC.
