JAKARTA – PT Jaya Sukses Makmur Sentosa Tbk (RISE), a property and industrial area developer, would obtain additional capital of IDR 99.50 billion via private placement. The said action involves issuing 995 million shares of IDR 100 each. Corporate Secretary of Jaya Sukses Makmur Sentosa, Herliani Prayogo, conveys the news in the information disclosure, quoted Tuesday (31/8).
It is also revealed that the company participating in the private placement is PT Tancorp Global Sentosa (TGS), the company with 84.92% ownership over RISE. This plan would be executed within at least two years after the approval from the Extraordinary General Shareholders Meeting, scheduled for October 7, 2021.
The management would channel the proceeds of the private placement to pay back several loans of RISE and its subsidiaries. As of June 2021, RISE’s equity totals IDR 1.83 trillion, while its assets amount to IDR 2.35 trillion. After the said corporate action, its equity and assets would increase to IDR 1.93 trillion and IDR 2.45 trillion, respectively.
As of July 2021, RISE’s authorised capital is reported to reach IDR 15 billion, while its issued and paid-up capital equals IDR 9.95 billion. TGS owns 84.9245% of the shares, followed by PT Berneroca Uniti Abadi Harmoni (BUAH) with 0.0001%, and public investors (below 5% ownership) with 15.0754%. (LK/ZH)