HomeNewsVideos

Acset will issue 15 billion shares in its rights issue

27 February 2020 05:44

JAKARTA - PT Acset Indonusa Tbk (ACST) will issue 15 billion of new shares with a rights issue (LPO II). The funds obtained during the rights issue will be used to pay the company's obligations.

As quoted from the company's disclosure published on Wednesday (2/26), the nominal price of the shares issued will be set at Rp 100 per share. However, ACST has not yet set the implementation price. This corporate action will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) on 12 March 2020. The rights issue will be done no later than 12 months after being approved in the EGMS and after the company obtains an effective statement from the Financial Services Authority (OJK).

This corporate action will help strengthen the company's capital structure, while also reduce gearing ratio and interest expenses. (LK/AR)

© 2024 - IDN Financials - All Rights Reserved.