Plantation firm Bakrie Sumatera Plantation (UNSP) plans to reduce its debt to Rp7.23 trillion by the end of this year from current Rp13.95 trillion, which represents half of its assets value. The Company is set to launch the reverse stock (10 for 1), entry point to convert debt into shares or equity under private placement scheme. This private placement will boost its authorized capital to Rp5.48 trillion.
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