Sep 15, 2011

Duta Pertiwi considers rights issue

PT Duta Pertiwi Nusantara Tbk (DPNS) is considering to hold rights issue in a bid to meet the financing requirement for coal investment business.
President Director Duta Pertiwi Siang Hadi Widjaja said the company is seeking Rp200 billion to diversify business.
Duta Pertiwi currently holds 60% shareholding in PT Intitirta Prima Sakti that discovers potential coal reserves of 150 million-200 million tons. PT Ayrus Prima is holding 21.04% stake in Intitirta. Ayrus Prima is controlling shareholder in shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL).

Disclosure: No position at the stock mentioned above.
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