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Astra earns shares of Medikaloka Hermina in a private placement

08 April 2022 16:41

JAKARTA. PT Astra International Tbk (ASII) reportedly becomes the new shareholder of the Hermina Hospital managing company, PT Medikaloka Hermina Tbk (HEAL), after participating in the HEAL’s capital raise without any preemptive rights, also known as a private placement.

The newly issued shares by HEAL in the said corporate action amounted to 30 million units. Each new share, issued on April 6, 2022, has a face value of IDR 20.

In practice, those shares were offered by HEAL in its private placement for IDR 1,500 each. Therefore, the total funds expended by ASII to purchase the entire new stock are estimated to reach IDR 45 billion, approximately.

Aristo Setiawidjaja, Director of HEAL, claimed that the proceeds gained from the private placement would be used to fund and support operational activities. “They will be channelled to the working capital and capital expenditure,” he stated.

After the private placement, HEAL’s issued and paid-up capital now clocks up to 14.92 billion shares from the initial 14.89 billion shares. (KR/ZH)

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