Jun 25, 2011

Skybee to hold non-preemptive rights

PT Skybee Tbk, distributor of telecommunication handsets, has obtained approval to hold a non-preemptive rights in a bid to boost its equity.
Skybee President Director Hendra Kendro said assuming the exercise price is Rp570 a share, the proceed will augment the company's equity to Rp33.35 billion. "The 10% of its outstanding shares' non-preemptive rights will be realized in this quarter," he said.
The company has also sealed approval to pledge half of its assets to secure loan facilities from Bank Central Asia and Bank Danamon of Rp30 billion and Rp46.5 billion respectively.
On the separate occasion, PT Ricky Putra Globalindo Tbk scouts Rp610 billion revenue, a 5.11% increase from Rp580.31 billion this year.
Disclosure: No position at the stock mentioned above.

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