JAKARTA. In the General Meeting of Shareholders (AGM) of PT Bukit Uluwatu Villa Tbk. (BUVA), it was decided to conduct a private placement with a private placement price of below Rp 240.
Corporate Secretary of Bukit Uluwatu Villa Benita Sofia said investors agreed to change the private placement price to below Rp 240. The price was 50% below the price set in 2018 at Rp 480 per share.
However, said Benita, the price is still uncertain because the company is still negotiating with potential capital injectors. "The price has not been decided yet because it is still being negotiated with several investors. But it is definitely under Rp 240, without violating the regulations because it has been approved by the Shareholders' Meeting," he said as quoted by Bisnis last week.
Benita said that PT Asia Leisure Network (ALN) will not participate because ALN currently has 25% or 1.70 billion shares.
President Director of Bukit Uluwatu Villa Franky Tjahyadikarta previously said the company targeted to obtain Rp110 billion from the private placement. (AM/AR)