Jun 8, 2011

Delta Dunia rights issue below Rp1,200

PT Delta Dunia Makmur Tbk (DOID), parent of Indonesia's second largest coal mining contractor, has finally set exercise price of a five-for-one rights issue, which is far below Rp1,200 per share. 
The proceed is also below a maximum target initially targeted of Rp1.84 trillion. At what price? 

Disclosure: No position at the stock mentioned above.

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