Mitra Investindo (MITI) mulls to launch the rights issue next year, used to boost its ownership in PT Benakat Oil. MITI acquires 23.4% shares of Benakat Oil, expected to realize this month. MITI then will focus on oil business. Currently Benakat still suffers loss due to oil price fluctuation, but MITI expects Benakat turns to profit in the second half (H1) next year. Benakat could boost its production to 1,000 barrels per day in H2 next year.
