JAKARTA. PT Hermina Medikaloka Tbk (HEAL), owner of the Hermina network of hospitals, plans to issue 5 million new shares in a private placement.
According to Hermina Director Yulisar Khiat, the company hopes to raise Rp 20 billion through the corporate action. "The issuance price is Rp 4,000 per share, making the total targeted funds Rp 20 billion," Mr Khiat said in a stock exchange filing.
Following the private placement, the company's placed and paid-up capital will increase by 0.17% to 2.98 billion shares. The plan was approved by the company's shareholders at an AGM on 10 November 2020.
According to IDNFinancials.com's data, HEAL had Rp 1.04 trillion in cash and cash equivalents as of September 2020, almost twice its cash and cash equivalent position in 2019 amounting to Rp 593.26 billion. (KR/MS)