JAKARTA. PT Solusi Sinergi Digital Tbk (WIFI), a holding company engaged in digital services, will increase the capital by giving pre-emptive rights, also known as rights issue, offering 2 billion shares.

The total shares of WIFI issued in this corporate action is equal to 44.44% of issued and paid-up capital post-rights issue. Each share has a face value of IDR 100 and will be offered for IDR 270 per share.

With this offering price, WIFI will potentially collect IDR 540.8 billion of fresh funds from the rights issue. For the record, for every 5 old shares, the shareholder is entitled to 4 pre-emptive rights. Each pre-emptive right will grant the owner 1 new share.

According to IDNFinancials data, WIFI previously planned to issue 4.96 billion new shares in this upcoming rights issue. It has even obtained approval from Extraordinary General Meeting of Shareholders.

The controlling shareholder of WIFI, PT Investasi Sukses Bersama (ISB), will transfer 99.99% of its portion to PT Investasi Maju Makmur (IMM), a subsidiary of ISB. (KR/ZH)