JAKARTA - PT Sanurhasta Mitra Tbk (MINA) is planning its first rights issue in 2025. This plan is still pending approval from shareholders at the Extraordinary General Meeting of Shareholders (RUPSLB) scheduled for March 21, 2025.

The company intends to issue 3.28 billion shares with a nominal value of Rp20 per share through rights issue, or capital increase with pre-emptive rights. (PMHMETD)

“This measure will bring positive impact on the company’s consolidated financial condition,” stated MINA’s management in a disclosure on Thursday (13/2).

MINA’s management explained that the funds raised from the rights issue will be used for debt repayment, working capital, and strategic investments to enhance the company’s competitiveness.

“With this additional capital, MINA hopes to provide greater benefits for shareholders and other stakeholders,” they added.

The main objective of the rights issue is to support business development, increase revenue and profitability, and improve the company's business prospects, including those of its subsidiaries, in the future.

As of the end of 2024, MINA reported total assets of Rp500 billion with liabilities reaching Rp200 billion. With the additional capital from the rights issue, the company is targeting a revenue growth of up to 30% in 2025. (DK/ZH)