Property developer PT Alam Sutera Realty Tbk (ASRI) has paid a Rp30 billion credit facility of time loan revolving to PT Bank Central Asia Tbk (BCA) on October 25 2011.
In a financial statement published to Indonesia Stock Exchange today, the company's subsidiary dubbed PT Alfa Goldland Realty has settled a Rp50 billion loan facility to PT Bank Mutiara Tbk on December 23 2011. Alam Sutera has jacked up a proceed from rights issue to Rp783.2 billion from an initial target of Rp710.22 billion.
Alam Sutera said the company has set its rights issue at Rp440 a share from Rp399. The company plans to issue 1.78 billion new shares with preemptive rights this month.
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