JAKARTA (Yosefardi) – Food producer PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA) mulls to acquire food producer in Vietnam and Malaysia. It allocates US$80 million or Rp960 billion for this acquisition.
AISA also allocates capital expenditure (capex) of Rp959 billion for this year, 70% funded by bank loan. And 75% of capex is allocated to the rice business segment.
The company also plans to issue bond this year, to refinance its debt which reached Rp950.9 billion as at September 2014.
AISA targets its revenue to grow by 70.19% to Rp7.08 trillion this year, compared to Rp4.16 trillion estimated for last year.