Shareholders of textile and garment producer Sri Rejeki Isman (SRIL) approved the Company’s private placement plan for 1,86 billion new shares, representing 10% of its enlarged capital. SRIL is set to get fresh fund of Rp658 billion from this action, supporting its capital structure, liquidity for achieving sales target of 12%, and profit target of 15%. The exercise prices of rights is set at minimum Rp354 per share. Current shareholders of SRIL are PT Huddleston Indonesia (56.07%) and public investors (43.93%). SRIL will issue 10% shares for Huddleston.To subscribe please click here