JAKARTA (Yosefardi) – PT Paramitra Alfa Securities facilitated the selling of 2.27 billion shares of oil and gas mining contractor PT Apexindo Pratama Duta Tbk (APEX), representing 85.6% of its enlarged capital, at price of Rp2,100 per share, or Rp 4.62 trillion in total, made through negotiated market at the Indonesia Stock Exchange (IDX) Friday last week (Dec 27).
APEX had recently announced that it has, through refinancing, settled its debt of US$395 million, equivalent Rp4.7 trillion.
The company had obtained loan facility of US$400 million from syndicated banks led by PT Bank Rakyat Indonesia Tbk (BBRI).The syndicated banks consist of JP Morgan, Raiffeisen Bank International, and Standard Chartered. APEX used the loan for repaying debts and funding its working capital.
APEX has yet released its financial results for period of first nine months of this year. It booked net profit of US$21.8 million in first half of this year on revenue of US$123.38 million. Its assets totaled US$746.89 million while liability amounted US$491.65 million.