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CARS to schedule rights issue of 30 billion shares

30 September 2022 10:06

JAKARTA – PT Industri dan Perdagangan Bintarco Dharma Tbk (CARS) will hold a rights issue of 30 billion shares of IDR 10 each.

Lina M. Ibrahim, Corporate Secretary of CARS, claimed that this corporate action plan will be further discussed for approval during the Extraordinary General Shareholders Meeting on November 8, 2022. “The proceeds from this corporate action will be utilised to expand the business, reinforce the working capital and the capital in general, particularly the subsidiary’s,” she explained in the information disclosure quoted Friday (30/9).

According to Ibrahim, the rights issue will take place no later than 12 months after approval is secured in said meeting.

Until August 2022, CARS recorded having 15 billion units of shares. BNYM S/A Weiser claims 9.33% of them, followed by PT Trimegah Sekuritas Tbk (TRIM) of 12.7%, Paulus Totok Lusida of 9.33%, and the public of 69.17% (LK/ZH)

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