JAKARTA (Yosefardi) – PT Sinar Mas Multiartha Tbk (SMMA) plans to inject maximum 15% capital to its 2 multifinance units, PT Oto Multiartha and PT Summit Oto Finance.
The capital injection has been proposed to the Financial Service Authorities (OJK) for approval.
Oto Multiartha’s shareholders are Sumitomo Corporation (85%), PT Sumitomo Indonesia (10%), and PT Summit Auto Group (5%). The company has authorized capital of Rp1.5 trillion and paid-up capoital of Rp396.59 billion.
While shareholders of Summit Oto Finance are Sumitomo Corporation (85%), PT Sumitomo Indonesia (10%) and PT Summit Auto Group (5%). Its authorized capital reaches Rp6 trillion and paid-up capital amounts Rp1.62 trillion.