SMMA INJECTS CAPITAL INTO SUBSIDIARIES

Jakarta, Dec 10 (ANTARA) - PT Sinar Mas Multiartha (SMMA) has injected Rp10 billion into its subsidiary PT Jakarta Teknologi Utama Motor as additional capital participation, its president director Doddy Susanto said.

In his report to the stock exchange market here on Thursday, Doddy Susanto said that the additional capital injection of Rp10 billion did not exceed 10 percent of the corporate revenues and 20 percent of the equity so that it was not material in nature.

Earlier, SMMA has also injected capital participation into its subsidiaries, namely Rp166.25 billion to PT Bank Sinarmas, Rp117.5 billion to PT Bank Asuransi Jiwa Sinarmas, Rp2.34 billion to PT Super Wahana Tehno and US$120,000 and Rp1.18 billion to PT JobStreet Indonesia.

It also injected capital to PT Summit Oto Finance worth Rp1.27 bililon, PT Asuransi Jiwa Mega Life Rp35 billion, PT Cisco Mas Sekuritama Rp7.35 billion, PT Panji Ratu Jakarta Rp17 billion, PT Simas Money Changer Rp767.5 million, PT Shinta Utama Rp100 million, PT Asuransi Sinar Mas rp100 billion, PT Jakarta Tekologi Utama Motor Rp5 billion, PT Sinar Artha Solusindo Rp7.5 million and PT Arthamas Informatika Rp7.5 million.