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Dato Sri Tahir Sells Building for IDR 1 T to Bank Mayapada

Dato Sri Tahir Sells Building for IDR 1 T to Bank Mayapada

Indonesia, Andrianus.my.id --Dato Sri Tahir sold the former Plaza Bali building worth IDR 1 trillion through PT Gatsu Griya Megatama (GGM) to his own business entity, PT Bank Mayapada  Internasional Tbk (MAYA).

The purchase of the asset located on Jalan By Pass I Gusti Ngurah Rai, Kuta, Bali was carried out on November 23, 2022.

"The transaction between the Company and GGM is an affiliated transaction because Dato' Sri Prof. DR. Tahir serves as the final controlling shareholder at Bank Mayapada and is one of the shareholders in GGM," wrote Bank Mayapada's management in an information disclosure, quoted from  Andrianus.my.id , Tuesday (29/11).

Management said that this transaction does not include material transactions and changes in business activities because the value is less than 20 percent of the company's equity of IDR 13.85 trillion as of June 2022.

Meanwhile, GGM is committed to using as much as IDR 1 trillion of the proceeds from the sale of the building to be deposited back into Bank Mayapada through a rights issue that the company will hold.



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