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KONI will issue 240 million shares in its private placement

24 January 2020 13:20

JAKARTA - The shareholders of PT Persada Bangun Pusaka Tbk (KONI) approved the company's plan to conduct private placement in order to obtain funds, which will be used to improve the company's financial condition. The corporate action plan was decided at the company's Extraordinary General Meeting of Shareholders (EGMS) yesterday (23/1).

As quoted from the company's disclosure, KONI will release 240 million shares, while the price has not been decided yet.

As of September 2019, KONI's equity was recorded at Rp 15.20 billion,  while its current asset value was recorded at Rp 76.48 billion. (LK/AR)

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