SINGAPORE (Yosefardi) – SGX-listed Falcon Energy Group Ltd has injected additional capital into two of its Indonesian subsidiaries.
Falcon injected additional capital to finance the working capital requirements of the subsidiaries.
Falcon lifted issued and paid-up capital of PT Bayu Maritim Makmur from Rp800 million to Rp2.55 billion.
Falcon also raised paid-up capital of PT Bayu Maritim Berkah from Rp800 million to Rp2.55 billion.
Both PT Bayu Maritim Makmur (BMM) and PT Bayu Maritim Berkah (BMB) are engaged in owning and chartering vessels and other related services.