PT Cemindo Gemilang Tbk (CMNT), one of the leading cement producers in Indonesia, has maintained its idA- rating with a stable outlook from PT Pemeringkat Efek Indonesia (PEFINDO). This rating reflects the company's stable prospects, strong position in the cement and its related industry, and the rating agency’s confidence in the company's ability to consistently meet its long-term financial commitments.

With the growth of the company’s business and the improved prospects for the cement industry in Indonesia, the company continues to capitalize on available opportunities to support sustainable growth. One of the key elements in business development is financing, where the company is actively evaluates financing options through banks and/or other financial institutions.

Today, the company held an Extraordinary General Meeting of Shareholders (EGMS) at Gama Tower, 3rd floor, Rinjani Room, Jl. HR. Rasuna Said Kav. C.22, Kuningan, South Jakarta. During the EGM, the company outlined its financing plans, which include, but are not limited to, refinancing and/or partial or full repayment of the company's debts, as well as supporting business expansion plans. This strategy is expected to enhance working capital capacity, strengthen liquidity, and create flexibility in the financing structure.

The rating achievement from PEFINDO also serves as a concrete proof of the company’s commitment to implementing sustainable growth strategies, while reinforcing its confidence to record better performance in the future. With this achievement, the company is optimistic about continuing to increase investor and business partner’s trust in its stability and future business prospects.

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