PT SmartFren Telecom Tbk (FREN) plans to issue 31 billion new shares at Rp100 per share without preemptive rights (private placement) to raise Rp3.1 trillion of fresh capital. It will boost the company’s equity to Rp15.78 trillion, reducing liabilities to equity ratio (1.9x) and improving current ratio (0.56x). To subscribe please click here
