Infrastructure firm Acset Indonusa (ACST), the entity of Astra Group, plans to launch a private placement, offering 15 billion new shares. It represents 70% of enlarged capital, to its shareholder, PT Karya Supra Perkasa (KSP), which is also an entity of Astra Group. KSP will act as the standby buyer for ACST’s new shares offering. KSP holds 64.86% ACST shares. ACST will use funds of private placement for paying debts of Rp939.78 billion to United Tractors (UNTR) and for working capital (Rp560.21 billion).
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