JAKARTA - PT Pantai Indah Kapuk Dua Tbk (PANI) records extra fund of IDR 4.09 trillion after concluding its first private placement this year yesterday (19/8). Indeks52 constituent will be vigorously expanding and marketing some property projects in PIK2, Jakarta.

In the information disclosure quoted Thursday (22/8), Christy Grassela, Corporate Secretary of PANI, mentioned that the private placement proceeds will be utilised to strengthen the capital structure in order to support business activities and expansion.

The number of newly issued shares reached 787.43 million, worth IDR 100 each. The price was set to IDR 5,200 each. The party that invested in these new shares is PT Multi Artha Pratama (MAP), the owner of 89.2% of total issued and paid-up capital of PANI.

After this corporate action, the issued and paid-up capital of PANI will increase to IDR 1.64 trillion from IDR 1.56 trillion. The shareholders consist of only MAP of 89.2% and the public of 10.8%.

The ultimate beneficial owners of PANI’s shares are Susanto Kusumo, Alexander Halim Kusuma, Richard Halim Kusuma, and Hindarto Budiono.

Prior to this, Sugianto Kusuma, President Director of PANI, mentioned that the company has targeted proceeds of two rounds of private placement of IDR 6.5 trillion, the entirety of which will be used for expansion. (LK/ZH)