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Alkindo offers its shares at half-price in its rights issue

06 February 2019 12:37 PM  Company: PT. Alkindo Naratama Tbk[ALDO]
Rp. 370  -4 (-1.07%)

JAKARTA - PT Alkindo Naratama Tbk (ALDO) offered its shares at half price (Rp 365 per share) from the average price of Rp 670 per share in the rights issue that will be conducted on 12-19 February 2019. Through the corporate action, the company aims to gain Rp 200.75 billion.

As quoted from the company's disclosure of information, Kuswara, Corporate Secretary of PT Alkindo Naratama Tbk (ALDO) stated the 50% discount was made to attract investors.  "After it was approved by the shareholder on the Extraordinary General Meeting of Shareholders on 18 December 2018, the company decided to sell its shares at the price well under the average price," he stated.

According to him, the rights issue funds will be used to purchase 99%  or 1,955,250,000 of PT Eco Paper Indonesia (EPI)'s shares with a price of Rp 100 per share, administration of the rights issue, and working capital. (LK/AR)

 

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PT. Alkindo Naratama Tbk [ALDO]   Rp. 370   -4 (-1.07%)