JAKARTA (Yosefardi) – PT Sidomulyo Selaras Tbk (SDMU) had in November 12, 2014 signed investment agreement for Rp180 billion with Gem Global Yield Fund LLC SCS, an investment from based in United States.
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.
SDMU booked net profit of Rp8.29 billion in first nine months of 2014 on revenue of Rp120.6 billion. Its assets totaled Rp419 billion while liability amounted Rp209 billion