JAKARTA - PT Tourindo Guide Indonesia Tbk (PGJO), a travel planning startup, will hold rights issue by releasing 1 billion shares with a nominal value of Rp 50 per share. The company is expected to raise Rp 50 billion from the rights issue.
As quoted from the disclosure of company information published on Monday (23/6), Evie Feniyanti, Director of PT Tourindo Guide Indonesia Tbk (PGJO) said that the funds raised from the corporate action will be used for capital expenditure and as working capital.
According to her, the tourism sector suffered the heaviest blow during the COVID-19 pandemic. Therefore, the company needs funds to finance its short-term business plans.
So far no date has been set for the declaration of registration from the company and the estimated effective date from the Financial Services Authority (OJK). Therefore, PGJO management has not yet set a date for the corporate action plan. (LK/AR)