JAKARTA - PT Kota Satu Properti Tbk (SATU) plans to issue 125 million new shares through private placement. The plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) next month (14/12).
As quoted from the company's prospectus published yesterday (5/11), if the plan is approved, the private placement will be carried out within two years after the EGMS. The maximum number of shares to be issued is 10% of the company's issued and paid-up capital on 31 December 2019 The exercise price is planned to be Rp50 per share. The funds raised from the private placement will be used to strengthen the company's capital structure.
The company's shareholders includes PT Kota Satu Indonesia (36,500%), PT Asuransi Jiwa Adisarana Wanaartha (9.606%), Martinus GW Liman (6%), Widya Susanti Kusyono (4,800%), Roy Wirya Subrata (4,800%), Soerjono Waluyo (2,400%), Kasim Prajitna (0.003%), Herowiratno Gunawan (0.200%), and the public (35.691%). (LK/AR)