JAKARTA (Yosefardi) – PT Sidomulyo Selaras Tbk (SDMU) will sign investment agreement with Gem Global Yield Fund LLC SCS under which Gem Global will gradually invest Rp180 billion into SDMU within 3 year ahead.
Within next 2 years, SDMU will issue 112.59 million new shares, representing 10% of its enlarged capital, and targets to raise Rp50.62 billion, used to fund its business development.
The company needs to strengthen its capital structure for supporting its business expansion. SDMU booked net profit of Rp7.2 billion in the first half of 2014 on revenues of Rp84.58 billion.