NIPRESS TO RAISE RP230 BILLION VIA RIGHTS ISSUE

 

JAKARTA (Yosefardi) – PT Nipress Tbk, the only auto battery producer listed on Indonesia Stock Exchange (IDX), plans to issue 766.66 million new shares through pre-emptive rights scheme.

The exercise price is set for Rp300 per share, to raise proceeds of Rp230 billion in total. Each shareholder with 108 old shares recorded at January 10, 2014, will be entitled to buy 115 new shares.

PT Tritan Adhitama Nugraha will tranfer 284.53 million new shares to its affiliated company PT Trinitan International.

PT Trimegah Securities Tbk will act as standby buyer. Trading of rights is scheduled for January 15-21, 2014. Currently Tritan Adhitama Nugraha holds 37% of Nipress shares while public owns 45.34%.

After rights issue, Tritan Adhitama will hold 17.97%, public 21.96%, Trinitan International 22.42%, and Trimegah Securities 29.15%.

Nipress will allocate Rp147 billion of proceeds for funding the plant establishment and purchase of machines. The rest Rp83 billion will be used for working capital.

This assurance is given only https://dissertationauthors.com/ because we know that it will never get to that

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