JAKARTA. PT Apexindo Pratama Duta Tbk (APEX), an oil-and-gas and coal mining supporting service provider, will issue a capital increase without pre-emptive rights.

This capital raise will be carried out through conversion of Mandatory Convertible Bonds (MCB) Tranche 1, which was previously issued by APEX. Erwin Sutanto, Vice President Director of APEX, said that this conversion had been approved by the shareholders of the company back in May 2023.

The amount of MCB Tranche 1 that will be converted by APEX reaches USD 115 million, or equal to IDR 1.63 trillion. “It is equivalent to 886,616,666 shares post-conversion,” Sutanto added.

The listing of additional shares will take place on March 28, 2024. The listed shares will be owned by HSBC Bank Plc.

According to IDNFinancials data, APEX’s stock price at today’s (13/3) opening bell went up 1 point or 0.60% to IDR 168 per share. Within the past year, it has gone up 6 points or 3.70% higher. (KR/ZH)