PT Royaltama Mulia Kontraktorindo Tbk (RMKO) announced that it had completed the corporate action of Capital Increase by Offering Rights to Purchase Additional Shares I (PMHMETD I or Rights Issue I and successfully raised funds of IDR 114.3 billion.
RMKO President Director, William Saputra, said the funds raised would strengthen RMKO's liquidity position to support ongoing operational activities.
"PT RMK Investama (RMKI), as the main shareholder of the Company, has exercised all its rights of 308,564,114 HMETD with a total value of Rp. 108.0 billion. This shows the strong trust and support from the main shareholders to RMKO's long-term growth prospects," he said, July 21.
RMKO's Finance Director, Elbert, also added that the total funds obtained from this Rights Issue I amounted to IDR 114.3 billion and this funding is an important milestone for the Company to maintain operational sustainability and meet the growing demand for mining services.
"With a stronger working capital structure, we are optimistic that we can execute integrated mining infrastructure projects more efficiently and reliably," he continued.
With the completion of this right issue I, continued Elbert, RMKO will continue to focus on strengthening the fundamentals of the business and increasing added value for all stakeholders, in line with the Company's commitment to maintaining good corporate governance.
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