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Rights issue of Waskita Karya has been 78.95% realised

18 January 2022 08:51

JAKARTA. Amidst the weakened market, the rights issue of PT Waskita Karya (Persero) in 2021 was only realised by 78.95%. Fortunately, it still managed to raise funds of IDR 9.44 trillion in total, IDR 1.54 trillion of which originated from the public, while the remaining IDR 7.90 trillion came from the domestic capital investment.

Destiawan Soewardjono, President Director of Waskita Karya, further explained that the realisation of newly issued shares in the rights issue was mostly a contribution from foreign institutions.

The trading process of the rights issue of Waskita Karya took place from December 30, 2021, to January 12, 2022, targeting IDR 620 each. Thus, the initial target amounted to IDR 11.96 trillion, including the domestic capital investment made by the government.

After the rights issue ended on January 12, 2022, the shareholders comprised the government of 75.35% and public investors of 24.65%. Its total number of shares also reached 28,806,807,016 units after the said corporate action.

“We appreciate the trust and the support of the shareholders in and to the company, especially during the financial recovery process, in order to continue to drive Indonesia to be better,” Soewardjono stated in the official release last Monday (17/1). (AM/ZH)

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