Trading and telecommunication service firm Multipolar (MLPL) targets to raise Rp503.23 billion through offering 4.57 billion new share (rights issue) priced at Rp110 per share. This is the sixth rights issue. Ciptadana Capital, affiliated to MLPL, will act as standby buyer. MLPL will use Rp404.1 billion fund for maintaining its 26.09% ownership in shares of retailer Matahari Putra Prima (MPPA).
