Garuda Rights Issue GMFI Via Inbreng In The Form Of Assets Worth IDR 418 Billion

Illustration (Photo: Doc. ANTARA)

The issuer of the state-owned airline, PT Garuda Indonesia (Persero) Tbk (GIAA) has pre-emptive rights (HMETD) or rights issue to its subsidiary PT Garuda Maintenance Facility Aero Asia Tbk (GMFI).

Citing the disclosure of information on the Indonesia Stock Exchange (IDX), the process of increasing capital through the rights issue was carried out in other form than money or inbreng in the form of fixed assets amounting to Rp418 billion.

The confiscation transaction will be carried out on December 30, 2024.

The object of affiliated transactions that will be received by GMFI is based on inbreng deed, namely the Hangar I and Annex I buildings located in the Soekarno-Hatta International Airport Office Area, Pajang Village, Benda District, Tangerang City, Banten Province (Hangar I).

Then, the Hangar II and Annex II buildings located in the Soekarno-Hatta International Airport Office Area, Pajang Village, Benda District, Tangerang City, Banten Province (Hangar II).

Furthermore, the hangar III and Annex III buildings located in the Soekarno-Hatta International Airport Office Area, Pajang Village, Benda District, Tangerang City, Banten Province (Hangar III).

Then, other supporting facilities in the form of other supporting buildings, complementary facilities such as driveway violence, fences and building complementary machines, located in the Soekarno-Hatta International Airport Office Area, Pajang Village, Benda District, Tangerang City, Banten Province.

"The input received by the company and GMFI is a total of IDR 418,289,300,000," the management wrote in an information disclosure, quoted on Friday, January 3.

Later, the value entitled to be received by the company through compensation will be 9,093,245,600 Series B shares, each with a total value of Rp25 or Rp227,331,140,000.

The company has reviewed that this transaction supports strengthening synergy within business groups, especially in maximizing operational efficiency and increasing the strategic value of assets through management by entities that have special competencies, in this case GMFI, explained the management.

Management also explained that this transaction was carried out in accordance with the principles of good corporate governance or Good Corporate Governance (GCG), including obtaining approval from the company's authorized organs and ensuring transparency to stakeholders.