JAKARTA. PT Batavia Prosperindo Trans Tbk (BPTR) aims to raise fresh funds of IDR 198 billion via capital raise with pre-emptive rights, also known as a rights issue.

The number of shares issued by BPTR in this rights issue clocks up to 1.98 billion units, which are equal to 56.14% of the entire issued and paid-up capital. Each share has a face value of IDR 100, and will be offered for same price of IDR 100.

For every 25 units of old shares of BPTR, the holder will be granted 32 pre-emptive rights. Then, each pre-emptive right will allow them to purchase one new share of the company.

The primary and controlling shareholder of BPTR, PT Batavia Prosperindo Internasional Tbk (BPII), has declared its willingness to exercise some of its rights over new shares. BPII has prepared IDR 112.63 billion for this upcoming corporate action.

The unexercised rights over BPTR’s new shares will be transferred by BPII to PT Oscarmas. According to the information disclosure, Oscarmas is said to have set aside IDR 32.69 billion to claim the shares.

The distribution of rights issue certificates of BPTR is scheduled to take place on January 25, 2023. Meanwhile, the listing of right issue shares of Indonesia Stock Exchange (IDX) on January 26, 2023. (KR/ZH)