Jakarta –
The palm oil management company owned by Andi Syamsuddin Arsyad alias Haji Isam, PT Jhonlin Agro Raya Tbk (JARR), has just received a loan worth IDR 500 billion from PT Bank Mandiri (Persero).
This was announced in the disclosure of information or material facts regarding the purchase of investment credit agreements made by the company on the Indonesia Stock Exchange (BEI). The report has also been signed by JARR’s Finance Director, Temmy Iskandar.
“On Monday, December 18 2023, an investment credit agreement was entered into between PT Bank Mandiri (Persero) Tbk and PT Jhonlin Agro Raya Tbk. The investment credit agreement was with a value of IDR 500,000,000,000 (five hundred billion rupiah),” wrote the report.
However, the agreement does not include details regarding the amount of investment credit interest given by the state-owned bank to JARR along with the maturity period. Likewise, it is related to the purpose of using the funds that will be used by the company owned by Haji Isam.
As additional information, PT Jhonlin Agro Raya Tbk (JARR) is a limited liability company which is currently engaged in integrated palm oil plantations and processing. This issuer coded JARR officially listed its shares on the capital market in August 2022.
In notes detikcom, the company’s shareholder structure before the IPO was 99.91% held by PT Eshan Agro Sentosa, the remaining 0.09% was owned by PT Sinar Bintang Mulia. Eshan Agro Sentosa itself is a subholding of PT Jhonlin Group which is a company owned by Haji Isam.
Another interesting fact is that the position of Chief Commissioner at Jhonlin Agro Raya is occupied by Jhony Saputra, who is only 22 years old this year.
“There is no familial relationship between members of the Board of Directors and Board of Commissioners and Shareholders, except that Jhony Saputra as President Commissioner is the son of the controller and beneficial owner of the company, namely Haji Samsudin Andi Arsyad and the nephew of Haji Sudirman as EAS shareholder and EAS commissioner, Haji Sudirman is the younger brother of Haji Samsudin Andi Arsyad,” reads an excerpt from Jhonlin Agro Raya’s prospectus quoted on Tuesday (12/7/2022).
Jhony just took over as President Commissioner of Jhonlin Agro Raya in 2022. He also has shareholder status in a number of companies starting from PT Surya Mega Adiperkasa, PT Modal Harapan Bangsa, PT Citra Agro Raya and PT Araya Agro Lestari.
(fdl/fdl)
2023-12-18 08:23:12
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