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Raising capital for toll construction, CMNP to conduct a rights issue

16 February 2022 06:14

JAKARTA – PT Citra Marga Nusaphala Persada Tbk (CMNP), a toll road managing company, will issue 2,232,846,365 shares via a rights issue, which will take place within at least 12 months after the final decision in the Extraordinary General Shareholders Meeting tomorrow (17/2). Indah Dahlia Lavie, Corporate Secretary of Cira Marga Nusaphala Persada, announced the plan in the information disclosure quoted Wednesday (16/2).

Assuming that the execution price will be set to CMNP’s stock price as of yesterday (14/2) of IDR 2,000 per share, CMNP could potentially gain IDR 4.46 trillion. After the rights issue, the current assets of the company will rise from IDR 4.19 trillion to IDR 8.65 trillion, its total assets will shift from IDR 17.25 trillion to IDR 21.71 trillion, and its total equity will increase from IDR 11.89 trillion to IDR 16.36 trillion.

The proceeds collected from this corporate action will be used to develop the business and inject capital investments on its subsidiaries regarding the Cileunyi-Sumedang-Dawuan Toll Road and the development of the Ir Wiyoto-Wiyono Toll Road, which is the tollway heading towards Soekarno-Hatta Airport, Cengkareng. (LK/ZH)

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