KRYA Divests Rp4.1 Billion in Surabaya Warehouse Assets to Strengthen Working Capital
PT Bangun Karya Perkasa Jaya Tbk. (KRYA) announced the sale of fixed assets in the form of land and buildings in the Margomulyo Jaya Warehouse Complex Block I-7, Bibis Village, Tandes District, Surabaya City, with a total area of 362 m². The transaction, which occurred on August 6, 2025, was valued at IDR 4.1 billion and involved a third party as the buyer. Management stated that the sale of these assets will generate a profit of approximately IDR 300 million, which will be recorded as other income in the third quarter 2025 financial statements. All proceeds from the sale will be used to support the company's working capital.
Based on the audited financial statements as of December 31, 2024, KRYA's equity value was IDR 106.21 billion. Therefore, this transaction value is equivalent to 3.86% of total equity, and therefore is not classified as a material transaction or affiliated transaction according to OJK regulations.
-122(1).jpg)
