Arranging private placement, SLJ Global to issue 90 million new shares
JAKARTA. PT SLJ Global Tbk (SULI), a timber manufacturer and exporter, will schedule a capital increase without pre-emptive rights, also known as a private placement.
The number of shares that will be issued by SULI will clock up to 90 million units of shares worth IDR 100 each. After this corporate action, SULI’s issued and paid-up capital will rise to 4.08 billion shares worth IDR 1.52 trillion in total.
The investors that will take over those entire new shares in this private placement is PT Kalimantan Powerindo (PKP). By setting the private placement price to IDR 3,000 per share, SULI is projected to raise fresh funds of IDR 270 billion.
The listing of new shares of SULI will take place on October 25, 2022, and will be followed by the final result announcement of the private placement on October 27, 2022. (KR/ZH)