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Approaching rights issue, Victoria Investama to prepare 10 billion shares

24 August 2022 09:34

JAKARTA. PT Victoria Investama Tbk (VICO) is reportedly arranging a capital raise with pre-emptive rights, also known as a right issue.

The number of shares issued by VICO in this rights issue will amount to 10 billion units, which are equal to 99.36% of the entire issued and paid-up capital of the company. Each share will have a face value of IDR 100.

Prior to the execution of this plan, VICO ought to obtain approval from the shareholders. The Extraordinary General Shareholders Meeting is scheduled for September 29, 2022.

In the official announcement, VICO plans to utilise the rights issue proceeds to solidify its capital structure. It will also be spent on investment activites as well as reinforcing the working capital of the company.

Until March 31, 2022, PT Gratamulia Pratama was listed as the controller of 61.96% of VICO’s shares. Suzanna Tanojo followed behind with 24.70% stock ownership, while public investors claimed the remaining 13.34%. (KR/ZH)

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