JAKARTA - The Indonesia Stock Exchange (IDX) officially suspends the trading of shares of PT. Zebra Nusantara Tbk (ZBRA) from the trading session I, Monday, April 5, 2021. The shares of the transportation company and distributor of fuel gas (BBG) are considered to be experiencing a movement that is out of the ordinary.
"In connection with the significant increase in the cumulative price of ZBRA shares, in the context of cooling down, the IDX considers it necessary to temporarily suspend trading of ZBRA shares on trading on April 5, 2021. The temporary suspension of trading in ZBRA shares is carried out at the Regular Market and the Cash Market," clear IDX management.
It was explained that the suspension was carried out in order to provide sufficient time for market players to carefully consider based on the information available in every investment decision making in ZBRA shares.
"Interested parties are expected to always pay attention to the disclosure of information conveyed by the company," added the IDX.
For information, the shares of the company which is now owned by conglomerate Hary Tanoe's brother, Bambang Rudijanto Tanoesoedibjo, have shot 35 percent a week, 757.14 percent a month, and year to date flew 370 percent with a market capitalization of IDR 462.31 billion.
ZBRA shares closed up 24.4 percent at Rp. 540 per share in trading last weekend, Thursday 1 April.
The latest news from this issuer, Zebra Nusantara plans to increase capital through a pre-emptive rights scheme (HMETD) II or rights issue by issuing a maximum of 3.43 billion new shares.
The rights issue's nominal value is Rp. 100 per share, but the exercise price has not yet been determined. If it is assumed that the implementation price of ZBRA's rights issue is in the range of IDR 406 per share, the company will receive IDR 1.08 trillion in funds.
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In this rights issue, PT. Trinity Healthcare (THC) as the controlling shareholder of the company along with PT. European Hospital Development (EHD), PT. Jagegreen Equities (JGE) and PT. Holistic Ventures (HV), or collectively called the shareholders of PT. Dos Ni Roha (DNR), will take over the company's new shares by paying in the form of inbreng shares as much as 99 percent of all shares that have been issued and fully paid up by DNR.
However, before and after this PMHMETD II, Rudy Tanoe's THC will later remain the controlling shareholder of the company and DNR.
"The corporate action that the company will undertake will not cause a change in control of the company," said the management of Zebra Nusantara.
It is estimated that the implementation of this rights issue will be carried out no later than 12 months after obtaining approval from the Extraordinary General Meeting of Shareholders (EGMS).
The plan is that around 77.70 percent of the proceeds from the rights issue will be used to take over 99 percent of DNR shares or the equivalent of 2.66 billion shares. While the rest is used for the company's working capital.
This rights issue is expected to strengthen Zebra Nusantara's capital structure, support the company's business activities and performance.
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