JAKARTA (Yosefardi) – PT Acset Indonusa Tbk (ACST) had in September 21, 2013 signed loan facility agreement with PT Bank Internasional Indonesia (BII) TBk (BNII).
Acset secured a loan facility of Rp220 billion used for project financing, especially District 8 project with Bouwheer PT Sumbercipta Griyautama.
The bank also provided Rp19 billion loan for refinancing land and office building owned by Acset.Acset also got forex line of US$750,000 for hedging purpose as Acset purchased machines and heavyequipment in dollar-denomination.
Acset targets to book net profit of Rp90 billion this year, compared to Rp53 billion last year. Acset Indonesia has 2 subsidiaries; Acset Indonusa (Vietnam) Co Ltd (AIC) and PT Innotech Systems (IS), and one associated company PT Bintai Kindenko Engineering Indonesia (BKEI).