JAKARTA – PT Fajar Surya Wisesa Tbk (FASW) will carry out a Capital Increase with Pre-emptive Rights (PMHMETD) I or rights issue, with a total value of IDR 3.49 trillion.

This move aims to enhance the company’s financial structure while supporting operational needs and business expansion.

According to the prospectus released on Monday (10/3), FASW plans to issue up to 743,366,636 new shares with a nominal value of IDR 500 per share.

This corporate action has been approved in the Extraordinary General Meeting of Shareholders (EGMS) held on January 22, 2025, and an effective statement from the Financial Services Authority (OJK) is expected to be issued on April 30, 2025.

Marco Hardy, Corporate Secretary of FASW, explained that the rights issue price is set at IDR 4,700 per share, with the total value of the issuance reaching IDR 3.49 trillion. Through this action, the company anticipates a potential dilution of share ownership by up to 23.08%.

“In the PMHMETD I scheme, every holder of 100 existing shares registered in the Shareholder Register (DPS) as of May 15, 2025 at 4 PM WIB will receive 30 Pre-emptive Rights (HMETD),” he said in an official statement on Monday (10/3).

Each HMETD then entitles the holder to purchase one new share issued by the company.

The entire proceeds from the rights issue, after deducting issuance costs, will be allocated for three main purposes. Approximately 85% will be used to repay part of the company’s loans, 5% will be allocated for capital expenditure, and the remaining 10% will be used as additional working capital. (DK/ZH)