JAKARTA – PT Sreeya Sewu Indonesia Tbk (SIPD), a processed meat manufacturer, plans to issue 500 million series C shares of IDR 1,000 each. The plan will take effect no later than 12 months after gaining approval from the shareholders.
In the information disclosure quoted Tuesday (25/10), Sik Wei Tjien, Director of Sreeya Sewu Indonesia, revealed that the Extraordinary General Shareholders Meeting regarding this plan has been scheduled on November 30, 2022. “The proceeds of the shares issuance hopefully can reinforce the capital structure to promote business activities of the company and its subsidiaries,” Sik Wei Tjien added.
Until September 30, 2022, SIPD recorded 1,339,102,579 shares, 87.74% of which was controlled by PT Great Giant. Meanwhile, public investors shared the remaining 12.26%.
The shareholders who refuse to exercise their rights in this upcoming corporate action will have their portions diluted by 27.19% at max. (LK/ZH)