IDX revokes the suspension of AISA's securities
JAKARTA. Today, the Indonesia Stock Exchange (IDX) decided to reopen the trading of PT Tiga Pilar Sejahtera Food's (AISA) securities, following the fulfillment of the obligations done by the snack company. AISA's securities has been suspended since 5 July 2018.
In an information disclosure published on Friday (28/8), IDX revealed that the securities that can be traded includes shares, bonds and sukuk of PT Tiga Pilar Sejahtera Food Tbk (AISA; AISA01; SIAISA01; SIAISA02) in all markets since the first trading session on Monday (31/8). The price of AISA shares was last recorded at the level of Rp 169, with a market capitalization of Rp 804.3 billion.
Previously, AISA planned a private placement by issuing up to 6 billion series B shares or 55.62% of the company's issued and paid-up capital. AISA will also hold a rights issue by issuing 1.5 billion shares or 12.21% of the company's paid-in capital.
The issuance of the new shares will be done to improve the company's financial conditions, which as of 31 March 2020, had total liabilities of Rp 3.48 trillion, higher than the company's assets of Rp 2.16 trillion. (AM/AR)