Chandra Asri, The Company Owned By The Conglomerate Prajogo Pangestu, Wants To Issue 7.17 Billion Shares

Illustration. (Photo: Doc. Antara)

JAKARTA. PT Chandra Asri Tbk (TPIA) is preparing to conduct a limited public offering III with preemptive rights (HMETD) aka rights issue.

In TPIA's disclosure of information on the Indonesia Stock Exchange (IDX) website, quoted on Wednesday, June 16, the company owned by conglomerate Prajogo Pangestu will offer 7.17 billion shares. TPIA has not set the price for the rights issue.

TPIA's rights issue corporate action will result in a dilution of ownership of 28.67 percent.

The listing date of TPIA's rights issue is scheduled for August 31, 2021. Meanwhile, the trading period for Pre-emptive Rights will be on August 31 - September 6, 2021.

Today, Wednesday, June 16, TPIA's share price rose 1.07 percent or 100 points to the level of Rp9,425 per share.