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PTPP Will The Implementation Rights Issue With Set Price Range 2580 to 3583 Rupiah

Jakarta (Benchmark News) – PT housing development Persero Tbk. (PTPP) set the price range of the implementation of the rights issue between  2,580 to 3,583 Rupiah.

Based on information disclosure published Thursday (3/11/2016), recommends the company’s capital will be doing with the right order effect in advance (PMHMETD) or a rights issue by publishing 1.23 billion-1.71 billion new shares. As for the implementation of the price range, there were 2,320 in Rp to Rp 3,737 per share.

Every 500,000 old shares entitled to 127,136 to 176,562, where each HMETD 1 HMETD entitles the holder to buy as much as 1 new shares with an exercise price.

Based on the records of, most of the funds results right issue or about 76% will be used for working capital to support infrastructure projects of the Government’s priorities.

Projects include the construction of the industrial park of Kuala Tanjung, toll roads such as sections of a field-High cliffs of Kualanamu, Depok-Antasari, Balikpapan-Samarinda, Pandaan-Malang, Manado-Bitung, secondary and residential apartments, PLTU Meulaboh 2x200MW, multifunctional terminal Kuala Tanjung, and so on.

In addition, approximately 24% of the funds results right issue will be used for business development in the field of infrastructure, among others, power stations, motorways, industrial areas and ports. To date, the company’s management claimed to have not yet pinpointed the standby buyer in corporate action plan that….(Red)

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