JAKARTA – DKSH Holding AG will channel fresh funds to PT Wicaksana Overseas International Tbk (WICO) via a private placement scheduled for next week (7/9). In this corporate action, the company will issue 400 million units of shares worth IDR 500 each.
Roni Setiawan, President Director of WICO, claimed that DKSH will take over the entire shares issued by the company. “The capital raise is intended to improve our financial condition. Therefore, the exercised price will be accordingly set based on the agreement of involved parties,” he added in the information disclosure quoted Wednesday (31/8).
According to Setiawan, after this corporate action, the company will issue 123,822,816 units of shares. The issued and paid-up capital will rise from 1,268,950,977 units worth IDR 634.47 billion to 1,392,773,793 shares of IDR 696.38 billion. (LK/ZH)