Gudang Garam Injects Another Rp 200 Billion Into Dhoho Airport Operator
Jakarta. Indonesian cigarette manufacturer Gudang Garam (IDX: GGRM) has injected Rp 200 billion ($11.2 million) into its controlled affiliate Surya Dhoho Investama (SDHI) to support operations at Dhoho Airport in Kediri, East Java.
Gudang Garam Director Istata Taswin Siddharta said the company subscribed to 200,000 new shares issued by SDHI, each with a nominal value of Rp 1 million.
SDHI is a controlled affiliate of Gudang Garam, with the tobacco company directly holding 14,299,999 shares, equivalent to a 99.9% stake.
Following the transaction, SDHI’s issued and paid-up capital will increase from Rp 14.3 trillion to Rp 14.5 trillion.
“The affiliated transaction, which aims to increase SDHI’s capital, was carried out to support the operational activities of Dhoho Airport in Kediri, East Java, which was built by the company through SDHI,” Istata said.
GGRM shares rose 0.75% to Rp 20,175 as of Friday’s intraday trading on the IDX.
Tags: Keywords:
as a preferred
Related Articles
Gudang Garam Injects Another Rp 200 Billion Into Dhoho Airport Operator
Gudang Garam injects Rp 200 billion into Surya Dhoho Investama to support Dhoho Airport operations in Kediri, East Java.
Gudang Garam Reports Highest Quarterly Profit Since 2023
The result already accounts for roughly half of the company’s projected full-year net profit.The Latest
Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday
Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital
Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.
Jakarta Expands Flood Prevention With New Water Storage Ponds
Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.
Press Council Highlights AI Ethics at United Tractors Journalist Workshop
United Tractors’ 2026 journalist workshop highlights ethical AI use and the importance of trust and credibility in journalism.Most Popular
