00:00JASA MARGA PERSERO TBK
00:05PT JASA MARGA TBK officially carried out the defestation of Jawa Trans Toll.
00:09The action of this corporation is carried out by JASA MARGA,
00:11in an effort to collect the revenue of the shareholders in an extraordinary ROPS.
00:16The action of this corporation will dilute the share of JASA MARGA by 3.82% in JTT.
00:26PT JASA MARGA PERSERO TBK,
00:27JASA MARGA officially carried out the defestation of 30.18% of the shares in PT JASA MARGA Trans Jawa Toll,
00:32after obtaining approval in the General Meeting of Extraordinary Shares.
00:37In addition to the defestation, JASA MARGA also changed the capital structure of PT JTT,
00:41by offering a new share worth 2.5 trillion rupiah,
00:44which was taken by PT Metro Pacific Tollways Indonesian Services,
00:48resulting in a dilution of 3.82% of the ownership of JSMR in PT JTT.
00:54Even so, JASA MARGA still holds the majority share worth 65%.
00:59This defestation step aims to strengthen the capital structure and financial stability of JASA MARGA,
01:03both in the short-term and long-term.
01:06JASA MARGA ensures that PT JTT is still part of its business group,
01:10so the control over the operation of Jawa Trans Toll is still in the hands of the company.
01:15A number of analysts estimate,
01:16although this defestation will reduce the income of JASA MARGA from Jawa Trans Toll,
01:21the impact will be compensated by the new toll area that is starting to operate,
01:24and there is a tariff regulation.
01:27Not only that, this step will strengthen the structure of JASA MARGA's capital,
01:30as well as help balance the debt and capital ratio.
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