Kulim to inject RM142.48mil into Indonesian subsidiary

KUALA LUMPUR: Kulim (M) Bhd plans to inject a total of RM142.48mil into its Indonesian subsidiary PT Wisesa Inspirasi Nusantara (PT WIN) under a corporate exercise.

Kulim said on Monday US$25.30mil (RM84.11mil) would be injected into its 74% owned PT WIN as working capital to buy plantation land. The remaining 26% stake in PT WIN wouldl be held by PT Graha Sumber Berkah (PT GSB).