JAKARTA. PT Apexindo Pratama Duta Tbk (APEX) will issue a capital raise without the preemptive rights through converting Tranche 1 bonds worth USD 115 million or IDR 1.64 trillion.
Zainal Abidinsyah Siregar, President Director of APEX, claimed that this corporate action had been planned last year. On August 19, 2021, the company even received a green light regarding the plan during the Extraordinay General Shareholders Meeting.
The number of increased shares by APEX amounts to 136.95 million units. Each share has a face value of IDR 500 and will be converted for IDR 1,847 each.
The future owner of converted shares listed by APEX is HSBC Bank Plc, which will take effect after the recording of additional shares on March 31, 2022.
According to idnfinancials.com data, APEX’s shares outstanding by the end of September 2021 amounted to 2.66 billion shares. Therefore, the ownership percentage of HSBC Bank in APEX after this conversion will rise to 24.99% of the total shares outstanding. (KR/ZH)