JAKARTA. PT Global Digital Niaga Tbk (BELI), the managing company of Blibli.com marketplace, has reportedly concluded its capital increase without pre-emptive rights, also known as private placement.

In this corporate action, BELI issued 4.9 billion new shares, with the exercise price set to IDR 460 each. These new shares had been listed on Indonesia Stock Exchange yesterday (23/10).

With said offering price, BELI managed to raise fresh funds of IDR 2.25 trillion from its private placement.

The investor that takes over the entire new shares is PT Lingkarmulia Indah, which, for the record, is an affiliate of the company.

The management of BELI also mentioned that the entire proceeds of this private placement will be allocated to working capital, in order to expand its business. “The company may adjust the distribution of the fund according to its actual needs,” added the management in the official statement.

After this private placement, total issued and paid-up capital of BELI rose 3.98%, totalling IDR 32.02 trillion. (KR/ZH)