Tower operator PT Inti Bangun Sejahtera (IBST) Tbk plans to issue 207.8 million new shares with preemptive rights at Rp3176 per share, more than three times its IPO price in August 2012. Dian Swastatika Sentosa (DSSA), a company controlled by Sinarmas Group, has decided not to exercise its rights, which pave the way for the entry of new ‘strategic investor’.

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