JAKARTA - PT Phapros Tbk (PEHA) aims to obtain fresh fund of Rp 1 trillion by conducting rights issue in the second semester of 2019. In 2018, the company recorded rising revenues from Rp 125 billion to Rp 133 billion.
Heru Marsono, Finance Director of PT Phapros Tbk (PEHA) said that the company planned to conduct rights issue in the second semester of 2018 amounting to 20% shares listed. “We need about Rp 1 trillion for investments in, such as new and routine investments, Myanmar investments, refinancing and working capital,” said he.
According to Marsono, the plan of rights issue was scheduled to be conducted in 2018, but somehow, it is postponed due to the acquisition of PT Kimia Farma (Persero) Tbk (KAEF). (LK/AR/W)