Jun 23, 2010

Summarecon seals Rp250 bio loan

PT Bank Mandiri Tbk is committed to provide financing facility worth Rp250 billion to propety developer PT Summarecon Agung Tbk (SMRA) to develop housing and infrastructures in Summarecon Bekasi area.
Summarecon's President Director Johanes Mardjuki said around Rp200 billion of the facility will be used by Summarecon to build flyover and infrastructures.
"We will use Rp50 billion for working capital to support our operational," he said.
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