JAKARTA-PT Chandra Asri Petrochemical Tbk (CAP) announced plans to make Rights Issue (rights issue) with Preemptive Rights (ER), by issuing new shares amounting to at least 20%.
That way, the public portion of the post-rights share issue will increase to at least 25%. Registration statement relating to Rights Issue (LPO) I have been officially reported to the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) last weekend ( 13 / 5). CAP President Erwin Ciputra explained, the rights issue is a commitment to enlarge the company in public ownership of shares by issuers TPIA the code.After the rights offering, the amount of public shares will increase menjadiminimal25%, so that TPIA become more liquid stocks on the stock.
"I PUT plan relies on obtaining an effective statement from Bapepam-LK and the approval of shareholders of the Company in General Meeting, which will be held on June 16, 2011," Erwin said in his written statement yesterday. ER is scheduled to be traded on the Indonesian Stock Exchange (BEI) for five working days, commencing on 1 July 2011. While the party will be the buyer standby (standby buyer) in the Rights Issue is PT DBS Vickers Securities Indonesia, Deustche Bank AG, UBS AG, and PT Morgan Stanley Asia Indonesia. He explained that the funds acquired from the rights offering is about 90% will be used to finance various projects that will run the company.
Projects are prepared, among others, increasing production capacity cracker, polyethylene, butadiene, butene-1 and various other petrochemical products, and the rest will be used for general corporate expenditures. Meanwhile, the Director of the Indonesia Stock Valuation (IDX) Eddy Sugito claimed since some time ago has asked the company to enlarge the portion of public shares in order to maintain liquidity. "We do expect there again to refloat the public portion of the market for more besar.Karena make what if a big company, but a small public ownership," said Eddy.
He asked not to such corporate action benefit the majority party only, and does not add value to the issuers concerned. hermansahsource: seputa-Indonesia.com
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That way, the public portion of the post-rights share issue will increase to at least 25%. Registration statement relating to Rights Issue (LPO) I have been officially reported to the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) last weekend ( 13 / 5). CAP President Erwin Ciputra explained, the rights issue is a commitment to enlarge the company in public ownership of shares by issuers TPIA the code.After the rights offering, the amount of public shares will increase menjadiminimal25%, so that TPIA become more liquid stocks on the stock.
"I PUT plan relies on obtaining an effective statement from Bapepam-LK and the approval of shareholders of the Company in General Meeting, which will be held on June 16, 2011," Erwin said in his written statement yesterday. ER is scheduled to be traded on the Indonesian Stock Exchange (BEI) for five working days, commencing on 1 July 2011. While the party will be the buyer standby (standby buyer) in the Rights Issue is PT DBS Vickers Securities Indonesia, Deustche Bank AG, UBS AG, and PT Morgan Stanley Asia Indonesia. He explained that the funds acquired from the rights offering is about 90% will be used to finance various projects that will run the company.
Projects are prepared, among others, increasing production capacity cracker, polyethylene, butadiene, butene-1 and various other petrochemical products, and the rest will be used for general corporate expenditures. Meanwhile, the Director of the Indonesia Stock Valuation (IDX) Eddy Sugito claimed since some time ago has asked the company to enlarge the portion of public shares in order to maintain liquidity. "We do expect there again to refloat the public portion of the market for more besar.Karena make what if a big company, but a small public ownership," said Eddy.
He asked not to such corporate action benefit the majority party only, and does not add value to the issuers concerned. hermansahsource: seputa-Indonesia.com
please give me comments thanks
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