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WEHA Transportasi aims for IDR 75 billion in a rights issue

01 August 2022 08:53

JAKARTA. PT WEHA Transportasi Indonesia Tbk (WEHA), a transportation company under Panorama Leisure, potentially raises fresh funds of IDR 75 billion from its capital raise through pre-emptive rights or rights issue.

Edgar Surjadi, Financial Director of WEHA, claimed that the number of shares offered in the rights issue clocks up to 599,657,220 units. Each has a face value of IDR 100 per share, and will be offered for IDR 125 each.

For every two thousand units of old shares owned, the shareholder will gain 1,353 pre-emptive rights, each of which is exchangeable with one unit of WEHA’s new shares.

Surjadi said approximately 50% of the proceeds gained by WEHA from this rights issue may be utilised to reinforce its fleet, acquiring 15 units of big buses, 25 medium buses, and 45 minivans. Then, another 30% will be channelled as additional equity participation to its subsidiaries and working capital.

The recording date of this rights issue of WEHA is set to August 9, 2022. The distribution of pre-emptive rights will take place the next day on August 10, 2022, followed by the listing on Indonesia Stock Exchange (IDX) on August 11, 2022. (KR/ZH)

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