Renuka Coalindo (SQMI), a company engaging in coal trading and shipping, is set to launch a rights issue program for 18.83 billion new shares, representing 98.43% of its enlarged shares capital. The exercise price is set at Rp250 per share. The Company would thus raise Rp4.71 trillion in total. Each shareholder with 50,000 old shares, recorded at Jan 24, 2019, is entitled to buy 3.12 million new shares. Trading of rights is scheduled for Jan 28 to Feb 1, 2019.
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