Perdana Bangun Pusaka to launch private placement next week

03 September 2020 11:53

JAKARTA - PT Perdana Bangun Pusaka Tbk (KONI) will launch the second stage of its private placement next week on September 10, 2020. The company seeks to obtain Rp 11 billion in proceeds by issuing 22 million new shares at an exercise price of Rp 500 per share.

In a stock exchange filing on Thursday (3/9), KONI President Director Sugianto Kolim said that following the corporate action the company's placed and paid-up capital will increase from 174 million shares to 196 million. The new shares will be issued and placed on September 10 and listed on September 11.

The company will use fresh funds from the corporate action to strengthen its working capital, particularly for its plan to sell digital printing products from China. KONI's management is optimistic that Chinese digital printing products such as UV and eco solvent printers can replace similar, more expensive products from Japan. (LK/MS)

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