JAKARTA. PT Lancar Wiguna Sejahtera (LWS), the managing company of Lawson outlets in Indonesia, has been granted extra capital worth IDR 100 billion from its shareholders.

This extra capital is gained following LWS’s increase of issued and paid-up capital of 103.51 million shares. Each share has a face value of IDR 100 per share, and are offered for IDR 966 per share.

“The proportional allocation of extra capital investment by the Company in LWS is meant to maintain the ownership percentage of the Company in LWS,” said the management of PT Midi Utama Indonesia Tbk (MIDI) in its official release.

For the record, MIDI is the controlling shareholder of LWS, owning 70% of its shares. Other LWS’s shareholders also channel extra capital investment proportionally.

According to IDNFinancials data, MIDI had previously given capital investment worth IDR 80 billion to LWS in November 2023. As we could see, LWS is now vigorously expanding its outlets in various areas.

In 2022, LWS managed to open 127 new stores. Furthermore, until November 2023, Lawson’s new outlets total to 454 units. (KR/ZH)