JAKARTA - PT Trisula International Tbk (TRIS) will offer 622.56 million shares in a rights issue. This corporate action is intended to raise non-cash capital (inbreng scheme) worth IDR 126 billion and cash of IDR 23.14 billion.

In the information disclosure quoted Wednesday (7/7), PT Tritirta Inti Mandiri (TIM), the owner of 1.38% of the company, will take part in this corporate action. The number of shares received by TIM will reach 8.55 million units, appropriate to its portion. Another 529.68 million shares will be transferred to other shareholders of TRIS, including PT Inti Nusa Damai (IND), PT Trisula Insan Tiara (TIT), and PT Karya Dwimanunggal Sejahtera (KDS).

This rights issue plan is intended to enhance TRIS’s performance, highlighting the synergy with the furniture business of PT Chitose Internasional Tbk (CINT). Then, TRIS will step up as the controlling shareholder of CINT, owning 35% of the shares, according to the agreement with other shareholders in the inbreng scheme agreement.

This plan will take place no later than 12 months after gaining approval on July 13, 2023. After this corporate action, TRIS’s issued and paid-up capital will rise from IDR 314.14 billion to IDR 376.40 billion. The shareholder structure of TRIS will consist of IND of 51.50%, TIT of 11.16%, KDS of 7.70%, TIM of 15.45%, and the public of 13.43%. (LK/ZH)