REAL plans a private placement

05 November 2020 09:06

JAKARTA - PT Repower Asia Indonesia Tbk (REAL) will conduct a private placement to raise additional funds to support its business development. The private placement plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) which will take place next month (11/12).

According to the company's prospectus quoted on Thursday (5/11), REAL's management will issue 663,274,947 shares or 10% of the company's total paid-up shares. If the plan is approved, the private placement will be carried out within two years since the EGMS.

REAL's authorized capital is at the level of Rp413.26 billion, with an issued and paid up capital of Rp165.81 billion. The company's shareholders including PT Enam Berlian Sinergi (46.73%), PT Harmoni Hanum Propertindo (15.58%), and the public (each below 5%) (37.69%). (LK/AR)

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