ACST - PT. Acset Indonusa Tbk

Rp 198

0 (0%)

JAKARTA - PT Acset Indonusa Tbk (ACST) has received an effective statement from the Financial Services Authority (OJK) to increase its capital through Limited Public Offering II via Rights Issue.

In the corporate action, the company is offering 5,725,160,000 new shares with an exercise price of Rp 262 per share, and seeks to collect Rp 1.5 trillion in proceeds.

PT United Tractors Tbk (UNTR), which owns a 50.10% stake in ACST, has declared its commitment to act as a standby buyer in a letter issued on July 6, 2020.

The rights issue plan was approved by the company’s shareholders at an EGM on June 8. “We would like to thank our shareholders for their trust and support from the beginning of the Limited Offering to the issuance of this effective statement,” ACST President Director Idot Supriadi said in an official statement received by, Friday (14/8). (MS)