Jul 22, 2011

Metland secures Rp150 billion loan

Property developer PT Metropolitan Land Tbk (Metland) has sealed Rp150 billion from PT Bank Mandiri Tbk.
The loan facility will be used to develop the second stage of Puri Metropolitan, said Corporate Secretary Olivia Widjojo yesterday.
The company will utilize the loan to construct connecting road to Karang Tengah toll road.
"The loan is aimed for our subsidiary which is joint venture company with Agung Sedayu," she said.
Metropolitan Land just listed shares at Indonesia Stock Exchange and obtained Rp454,75 billion proceed.

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