Modern’s Sold its Assets in East Java Worth IDR100Bn

PT Modern International, Tbk (MDRN IJ) sold its land and building asset at Jalan Industri Rungkut Raya No. 2 Surabaya, East Java worth IDR100bn. The asset was bought by PT Golden Tulip Pratama, and its revenue will be used to repay Modern’s bank loan worth IDR55bn to PT Bank CIMB Niaga, Tbk (BNGA IJ).

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