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"Share purchases can be in one or more companies listed in the natural resources, technology, media and telecommunications, and/or logistics sectors, or other equity securities," explained management.
As of November 30, 2023, the PALM Group has total liabilities amounting to IDR 6.294 billion.
The debt that will mature within three months from the issuance of this Brief Additional Information is the First Continuous Bond of Provident Investasi Bersama Phase I Year 2023 (First Continuous Bond Phase I) Series A amounting to IDR 286.0 billion which will mature on April 7, 2024.
The company plans to pay this obligation using a combination of cash flow from investment sales and bank loan receipts.
"Some of the funds obtained from the issuance of the First Continuous Bond Phase I will also be used to make accelerated payments on the principal debt based on the US$ 70 million Revolving Credit Facility Agreement," explained management.
