GMFI Transfers Shares as Non-Cash Dividend for Financial Restructuring
Technology

GMFI Transfers Shares as Non-Cash Dividend for Financial Restructuring

PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) transferred over 82.1 billion shares as a non-cash dividend to PT Danantara Asset Management (DAM) on November 2, 2026. This move is part of the Garuda Group's financial restructuring and aims to improve its health, with the Indonesian government maintaining effective control.

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