JAKARTA (Yosefardi) – PT Mitra Pinasthika Mutika Tbk (MPMX) has today (March 17) signed agreement to merge its wholly-owned subsidiary PT Mitra Pinasthika Mustika (MPM) Finance with PT Sasana Artha Finance (SAF).
MPMX also holds 60% stake in SAF while JACCS Co Ltd owns the rest (40%). After the merger, MPMX will control 84.86% stake in SAF while JACCS will own 15.14%.
However, JACCS will inject Rp510 billion into MPMX, then its ownership in MPMX will be 40%.