Jun 13, 2011

ATPK unveils non-preemptive rights

PT ATPK Resources Tbk, a company focusing in mining, oil and gas, power plant, and palm plantation, announced a 83.12 million of new shares issuance without preemptive rights or representing 10% of its enlarged capital within 2 years with target proceed of Rp12.88 billion.
ATPK plans to use Rp7.66 billion of the proceed as additional working capital and Rp5.22 billion to settle its debt. The company.
Regarding to the new shares issuance, ATPK is now in talks with several potential investors. But, the company hasn't provided the detail.

Disclosure: No position at the stock mentioned above.
 
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