Shares of PT Exploitasi Energi Indonesia (CNKO) Tbk surged 11.5% to Rp194 Monday (Aug 6) as the company kicked off the issue of 5.4 billion new shares at Rp500 per share to raise Rp2.7 trillion. About 99.97% of the proceeds will be used to acquire EBI, which indirectly controls majority shares of Bintan Power Plant.
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