Some companies have formally kicked off issuance of new shares without preemptive rights. Property developer PT Pakuwon Jati (PWON) Tbk, for example, will issue 4.815 billion new shares at Rp363 per share to raise Rp1.75 trillion. Independent tower operator PT Sarana Menara Nusantara (TOWR) Tbk also issues 1.02 billion new shares at a minimum of Rp3792 per share to raise Rp3.87 trillion.
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