Conglomeration firm Elang Mahkota Teknologi (EMTK) is set to offer 4.75 billion new shares, downsized from its initial plan of 5.5 billion shares, through a private placement scheme with an indicative price of Rp1,954 a share, to raise Rp9.29 trillion in total. The existing will face an 8.88% dilution of shares. This private placement is scheduled for March 31, 2021.
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