GIC and MPTI Strengthen the Capital Structure of Nusantara Infrastructure's Subsidiary
06 November 2023
Author: Administrator
Indah D.P. Pertiwi, Head of Corporate Communication & CSR of PT Nusantara Infrastructure Tbk, said, "Nusantara Infrastructure, through its subsidiary MUN, has signed a share acquisition agreement with WIPL and MPTI, which aims to settle the debt repayment of the purchase of MBZ, which was acquired in December, last year."
WIPL is an investment holding company formed and incorporated in Singapore, which is also a subsidiary of GIC Ventures, a company under the Ministry of Finance that owns and manages Singapore Government assets. Meanwhile, MPTI is an indirect subsidiary of Metro Pacific Tollways Corporation (MPTC), the largest toll road operator in the Philippines. In this case, MPTI is also the holding Company of Nusantara Infrastructure.
For information, at the end of 2022, MUN officially purchased 40% share ownership of PT Jasamarga Jalanlayang Cikampek (JJC), the toll road operator of the 38 KM Mohamed Bin Zayed (MBZ) Elevated Road which is one of the strategic toll lanes in Indonesia that has an essential role in the Trans Java Toll Road network, as well as a solution in parsing traffic congestion on the Jakarta-Cikampek route. Indah added, "This corporate action is expected further to strengthen the company's current and future financial performance."
In addition, following the Information Report or Material Facts also submitted by Nusantara Infrastructure, further information regarding the impact of the MUN capital increase plan will be elaborated by the Company in the Information Disclosure of Material Transactions and Affiliated Transactions, which will be carried out in conjunction with the Announcement of the Extraordinary General Meeting of Shareholders (EGMS) of the Company. "Regarding the detailed information, we will convey it officially through information disclosure by applicable regulations. Please wait." Indah concluded.
