CP Prima books Rp 103 billion from asset sales

JAKARTA: Top shrimp producer PT Central Proteinaprima (CP Prima) has booked fresh funds amounting to Rp 103 billion (US$11.2 million) from the sale of assets of the company's subsidiary PT Central Windu Sejati.

In a report filed to the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) and Indonesia Stock Exchange (IDX), CP Prima said that Central Windu Sejati had sold its cold storage and processing plants in Medan, North Sumatra and in Surabaya, East Java, for about Rp 103 billion.

CP Prima has 50,000 hectares of shrimp ponds, and will use the funds from the asset sales to improve its cashflow. - JP