JAKARTA. PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) has increased capital investment in PT Sarana Bangun Raharja (SBR), a subsidiary engaged in the automotive sector.
Lina M. Ibrahim, Corporate Secretary of CARS, said that this additional capital investment is allocated through PT Bangun Rahmat Sejahtera (BRS). For the record, BRS is a subsidiary directly owned by the company, with stock ownership reaching 95%.
Ibrahim further mentioned that this extra capital is expected to boost operational activities of CARS in the future. Therefore, it will also strengthen the companys network structure in the automotive sector, which will consequentially lead to overall financial performance improvement, reflected in comprehensive profit growth, she mentioned in the official statement.
It is worth mentioning, SBR is a subsidiary owned by CARS through BRS, which claims 95% of SBRs shares. The remaining 5% belong to PT Gema Adiprana Indah (GAI). (KR/ZH)