JAKARTA – Three future investors will place an investment of IDR 324 billion in PT Diamond Citra Propertindo Tbk (DADA) through a rights issue, which will be held after gaining approval from the Extraordinary General Shareholders Meeting next week (19/4). The said corporate action is said to issue 5,495,031,250 shares worth IDR 80 each.
In the published prospectus quoted Thursday (14/4), these potential investors in question are shareholders of PT Cipta Diamond Property (CDP). They are Global Modern Investasia Pte Ltd (GMI), Asian Growth Company Pte Ltd (AGC), and Universal Headway System Pte Ltd (UHS). These companes will purchase the entire shares issued by DADA through an asset transfer (inbreng scheme), each claiming 1.35 billion shares for IDR 80 per share, rounding up the total to 4.05 billion shares.
Prior to the rights issue, DADA’s authorised capital clocked up to IDR 402.40 billion. Its issued and paid-up capital was at IDR 175.74 billion, while the stock in its portfolio is worth IDR 225.65 billion. PT Karya Permata Inovasi Indonesia (KPII) claimed 56.84% of the shares, followed by Tjandra Tjokrodiponto (TT) of 0.40% and the public of 42.76%.
After the said corporate action, assuming the public investors refuse to use their rights, its authorised capital will be doubled to IDR 800 billion. Its issued and paid-up capital will also rise to IDR 256.74 billion, while the stock in portfolio will increase to IDR 543.25 billion. KPII will possess 38.90% of the shares, TT 0.27%, public ivnestors 29.27%, while GMI, AGC, and UHS each will earn 10.52%.
DADA also plans to issue 343,251,953 Series II warrants. Every 16 rights issue shares will receive one Series II warrant worth IDR 20. The offering price of the warrants is set to IDR 300 each, thus making the total proceed capped at IDR 102.97 billion. (LK/ZH)