After Alfatrex, The Retail Alfamart Owned By The Djoko Susanto Conglomerate Needs Rp1 Trillion In Funds To Pay Off Bonds

JAKARTA - Alfamart retail management company, PT Sumber Alfaria Trijaya Tbk has just reported that the company plans to divest all of its shares in PT Sumber Wahana Sejahtera (PT SWS), or better known as Alfatrex.

"The company has signed an indicative term sheet with one of them, PT Galaxy Mitra Global (PT GMG) in connection with the company's share ownership in PT SWS. Currently the company has 99.96 shares and controls in PT SWS," said Tomin Widian. , Director of Sumber Alfaria Trijaya, quoted from the information disclosure page of the Indonesia Stock Exchange (BEI), Friday, March 26.

It was explained that PT GMG would take over PT SWS and become the new controller at PT SWS. So that when the transaction is completed, Alfamart will no longer be in control of PT SWS.

"The execution of the transaction depends on fulfilling the prerequisite conditions as specified in the term sheet," explained Tomin Widian.

However, the details of the transaction between Alfamart, the retailer owned by the conglomerate Djoko Susanto, and PT Galaxy Mitra Global are not yet known.

PT SWS or Alfatrex, is a company engaged in goods delivery services with the largest and leading retail network in Indonesia, which has covered all regions in Indonesia and is one of the subsidiaries of the Alfa Group (Alfamart, Alfa Midi, Dan + Dan ).

Previously, PT Sumber Alfaria Trijaya Tbk was in the process of preparing to pay off debt securities which will mature in the near future. Tomin Widian explained, the company owned by the 19 richest person in Indonesia has provided funds to pay the principal and interest of the Sumber Alfaria Trijaya Phase II Sustainable Bond Year 2018 which will mature on April 12, 2021, valued at Rp1.01 trillion.

"Funds for bond and interest payments come from the company's internal cash," wrote Tomin in an information disclosure on the IDX website, Friday, March 19.

The company with the AMRT ticker code will pay the principal and interest of the bonds to PT Kustodian Sentral Efek Indonesia (KSEI) no later than 9 April 2021 at 14.00 WIB.