Plaza Indonesia Realty (PLIN) committed to have an outstanding share of 7.5% in the stock exchange, from current 4.23%, boosting free float to meet the minimum required free float. Its parent, PT Plaza Indonesia Investama, owned 3.38 billion shares or 95.37% of enlarged capital. The issuer has asked blessing from its shareholders on March 20, 2020, to carry out the corporate action. This was announced by the company after the president director, Rosano Barrack, released all of its ownership, directly and indirectly, last month.
