JAKARTA - PT Perdana Karya Persada Tbk (PKPK) will issue a maximum of 600 million shares with a nominal value of IDR 200 per share via a rights issue. The proceeds from this corporate action are used for capital expenditure, working capital and paying off banking obligations.

In the disclosure of information quoted on Monday (17/4), the capital expenditure allocation will be used to purchase heavy equipment and supporting units related to the preparation of new project implementation. In addition, paying off obligations to third parties, namely, PT Royal Victoria Hotel.

This plan will be implemented no later than 12 months after obtaining approval at the Extraordinary General Meeting of Shareholders (EGMS). However, the schedule for holding the EGMS has not yet been announced.

As of March 31, 2023, the total number of PKPK shares was recorded at 600 million shares with the composition of the owners namely, PT Deli Pratama 50.09% and the public 49.91%. (LK/LM)