Nov 24, 2010

Capitalinc to place shares at Rp1,500

PT Capitalinc Investment Tbk, one of the companies of Recapital Advisors Group, plans to issue new shares with non-preemptive rights as much as 72.87 million shares at Rp1,500 per share, enabling the company to grab Rp109.31 billion.
In an official statement submitted to Indonesia Stock Exchange (IDX), Capitalinc said the company intends to use proceed from the shares sale for notes payement issued in relation to take over of natural resources-based company.
Robin And Alex Macoy Strategic Investments Lte, British Virgin Islands-based company, bought Capitalinc shares during the placement.
President Director of Capitalinc Budi Prihantoro said the company plans to use the fund from the non-preemptive rights to pay off the promissory notes which is a debt of a the company’s new subsidiary engaged in gas sector. Capitalinc also has appointed PT Madani Securities as financial adviser.
Disclosure: No position at the stock mentioned above.
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