SINGAPORE (Yosefardi) – Falcon Energy Group Limited increased its investment in its indirect wholly owned subsidiaries incorporated in Indonesia, PT Bayu Maritim Makmur and PT Bayu Maritim Berkah.
In PT Bayu Maritim Makmur, Falcon has issued and paid up share capital before increase worth Rp800 million. Purpose of the capital increase to finance the working capital requirements of PT Bayu Maritim Makmur. While in PT Maritim Berkah Falcon also invest Rp800 million.
The investments in PT Bayu Maritim Makmur and PT Bayu Maritim Berkah and were funded by the company’s internal resources. (written by Ferdi Hasiman)