PT SEPCHEM announced that it has received IDR 169.884679 billion in funding from PT Surya Esa Perkasa Tbk
PT SEPCHEM announced that it has issued 1,698,846,790 shares at an issue price of IDR 100 per share for gross proceeds of IDR 169,884,679,000 in a round of funding on December 16, 2020. The transaction included participation from returning investor PT Surya Esa Perkasa Tbk (IDX:ESSA). Post transaction investor will hold 99.99% stake in the company. The transaction has been approved by the decree of the ministry of law and human rights.