JAKARTA. State owned construction issuer PT PP Tbk (PTPP) targets to raise an Rp 4.4 trillion through limited public offering with pre-emptive rights issue. PTPP will release 1.23 billion-1.71 billion shares, with the prices ranging from Rp 2,580-Rp 3,583 per a share. We have not yet decided the definite price", said Financial Director of PTPP Agung Purbianto. Management of PTPP Tbk plans to allocate 76% of the obtained funds from rights issue for capital expenditure to support infrastructure projects. The rests will be allocated to support working capital for business development in the sectors of infrastructure, such as power plant, toll road, industrial zone, and sea port.
PTPP offers discounts on shares prices
JAKARTA. State owned construction issuer PT PP Tbk (PTPP) targets to raise an Rp 4.4 trillion through limited public offering with pre-emptive rights issue. PTPP will release 1.23 billion-1.71 billion shares, with the prices ranging from Rp 2,580-Rp 3,583 per a share. We have not yet decided the definite price", said Financial Director of PTPP Agung Purbianto. Management of PTPP Tbk plans to allocate 76% of the obtained funds from rights issue for capital expenditure to support infrastructure projects. The rests will be allocated to support working capital for business development in the sectors of infrastructure, such as power plant, toll road, industrial zone, and sea port.