HDFA - PT. Radana Bhaskara Finance Tbk

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JAKARTA – PT Radana Bhaskara Finance Tbk (HDFA) explores the issuance of 609,697,278 shares via private placement to improve the company’s capital. From July to August 2021, the management would organize a roadshow to seek potential investors.

In the information disclosure, quoted Tuesday (8/6), Rizalsyah Riezky, the Director of Radana Bhaskara Finance, claims that the execution price for this private placement would be set to a minimum of IDR 101 per share. “This decision would await approval from the Extraordinary General Shareholders Meeting on June 24, 2021,” Riezky adds.

According to Riezky, the set price is equal to 90% of the average of 25 days of HDFA’s stock trading closing price, counting from April 19 to May 17, 2021. The funds gathered are estimated to reach IDR 61.57 billion.

The number of shares to be issued in this placement would cover approximately 10% of the current issued and paid-up capital, amounting to 6,096,972,783 units or IDR 609.69 billion. The shares ownership structure involves Rubicon 59.26%, Tiara Marga Trakindo (TMT) 39.87%, and the public 0.87%. The issued and paid-up capital would then grow to IDR 670.66 billion, in which Rubicon owns 53.87%, TMT 36.24%, and the public 9.88%. (LK/ZH)