JAKARTA. PT Soechi Lines Tbk (SOCI), a shipping and shipbuilding company, announced plans to increase its capital by providing pre-emptive rights (HMETD) or rights issue.

Based on information received by idnfinancials.com, the maximum number of shares to be issued by SOCI in this corporate action is 2.35 billion shares. This is equivalent to 25% of the company's issued and fully paid capital.

Each share has a nominal value of IDR 100. Meanwhile, the exercise price of the shares will be announced ahead of the Extraordinary General Meeting of Shareholders (GMS). The meeting agenda is scheduled to take place on August 11, 2023.

SOCI's management believes that this additional capital will strengthen the company's capital structure. In addition, the additional capital is also believed to increase the company's cash capacity to meet working capital needs.

According to idnfinancials.com data, currently 79.90% of SOCI's shares are controlled by PT Soechi Group. Public investors own 15% of the shares, Go Darmadi 1.70%, Hartono Utomo 1.70%, and Paulus Utomo 1.70%. (KR/LM)