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Shareholders agreeing, BPTR’s rights issue plan is a go

12 September 2022 06:29

JAKARTA – The shareholders of PT Batavia Prosperindo Trans Tbk (BPTR) finalised the plan of capital increase via a rights issue of 2.5 billion shares of IDR 100 each.

“[The shareholders] have given the management authority to arrange the Capital Increase with Pre-emptive Rights,” Paulus Handigdo, President Director of Batavia Prosperindo Trans, added in the information disclosure quoted Monday (12/9).

The company’s shareholders have also approved the change to its articles of association pertaining the forthcoming increase in its issued and paid-up capital. BPTR’s authorised capital will also shift IDR 160 billion from the initial IDR 460 billion to IDR 620 billion.

In addition to these approvals, the management has also received the green light for guaranteeing over half of the company’s assets in order to secure financing facilities from non-bank institutions and banks alike.

The Extraordinary General Shareholders Meeting took place yesterday (7/9). The rights issue plan was agreed upon by the entire participants, the attending 92.46% of shareholders who represent 1,435,994,100 shares of the entire shares. (LK/ZH)

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