Oil and gas firm Medco Energi International (MEDC) revised down its rights issue prices to Rp868 per share from Rp1306, as the stock price has fallen since May 14, 2018—the date it gained approval from its shareholders on the proposed rights issue.
Read MoreCeramic producer Intikeramik Alamasri Industri (IKAI) expects to raise Rp463.89 billion from the planned rights issue for 3.86 billion new shares, representing 31.96% of its enlarged capital, priced at Rp120 per share. The rights issue is targeted to launch in November or October this year.
Read MoreState-owned gas distributor PT Perusahaan Gas Negara (PGN) Tbk (PGAS) will make payment in two stages in purchasing 51% shares of PT Pertamina Gas (Pertagas), subsidiary of state-owned oil and gas firm Pertamina, for Rp16.6 trillion. The first payment, funded by internal cash, is scheduled for end of September this year. PGN has huge cash and cash equivalent of US$1.37 billion per June this year.
Read MoreSURYA CITRA MEDIA (SCMA), controlled by the Sariaatmadja Family, is to launch a private placement for 1.46 billion shares, representing 10% of its enlarged capital, priced at about Rp2446, to raise total proceeds of Rp3.57 trillion. The Company will hold a shareholders’ extraordinary meeting (EGM) in February 20, to seek approval on the proposed private placement.
Read MoreCeramic producer with popular brand of Essenza, PT Intikeramik Alamasri Industri (IKAI) Tbk, plans to diversify its business into property in Bali Island and North Sumatra by acquiring hotel and property companies. Funding plan, especially the issuance of new shares, for the expansion, however, has been revised several times.
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