State construction firm Adhi Karya (ADHI) will launch the rights issue, offering 7.04 billion new shares, priced at Rp550 per unit, to raise total proceeds of Rp3.87 trillion. Government is set to inject Rp1.97 trillion for ADHI to maintain its controlling ownership. Trading of rights is set for October 24-26, 2022. The existing shareholders would face a potential dilution of maximum 66.42% if they failed to exercise their rights.To subscribe please click here
