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Forsa: Private placement will be better for AISA

23 September 2020 09:02

JAKARTA. The forum of retail investors of PT Tiga Pilar Sejahtera Food Tbk (AISA) (Forsa) revealed a number of advantages if the company chose private placement rather than rights issue for its restructuring.

Chairman of Forsa, Deni Alfianto Amris said that the company needed funds, and AISA needs a large investor to control it.

"If we choose rights issue, there is a potential for a lack of a majority shareholder, which will create further chaos," Deni told Kontan.co.id on Tuesday (22/9).

According to him, private placement also gives an assurance that AISA will get funds. With an exercise price of Rp 210 per share, AISA will receive approximately Rp1.26 trillion which can be used to pay off debts.

Corporate Secretary of AISA, Michael Hadylaya said that his party has not prepared a backup plan. "Because we hope that our shareholders can support our private placement," said Michael. (AM/AR)

 
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