JAKARTA - PT Solusi Kemasan Digital Tbk (PACK) has been greenlit regarding its rights issue plan to improve its working capital entering 2025. This corporate action had been approved by shareholders last Monday (30/12).

In the information disclosure quoted Thursday (2/1), Magdalena Veronika, President Director of PACK, mentioned that shareholders agreed upon the issuance of a maximum 100 billion new shares.

The decision was reached through the agreement of shareholders of 1.13 billion shares, or 99.97% of the shares present during the Extraordinary General Meeting of Shareholders.

In said meeting, PACK was also granted the authority to determine the number of issued shares, the timeline, and the exercise price.

As of November 2024, total listed shares of PACK were 1.53 billion, with shareholder structure consisting of controllers of 48.94% and non-controllers of 51.06%.

Along with this rights issue, PACK will boost its authorised capital to IDR 3 trillion from the previous IDR 49.18 billion.

In terms of stock performance, at the early days of 2025, PACK was seen increasing IDR 60 to IDR 675 from mere IDR 615 recorded in the morning. Its market capitalisation stood at IDR 1.04 trillion. (LK/ZH)