trending Market Intelligence /marketintelligence/en/news-insights/trending/CNOr7zPDXS0hlDEa0gzBVQ2 content esgSubNav
In This List

PT Lippo Karawaci plans 600B rupiah rights issue

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


PT Lippo Karawaci plans 600B rupiah rights issue

PT Lippo Karawaci Tbk aims to raise as much as 600 billion rupiah from an offering of new shares at 635 rupiah apiece.

The company's fourth rights issue will be subject to shareholder approval Dec. 15, while completion is expected by the end of the first quarter in 2018.

Existing shareholders will be given pro rata rights to subscribe to new shares under the rights issue, according to a release.

The company intends to use the proceeds to maintain or raise its indirect ownership in PT Lippo Cikarang Tbk, as well as for working capital.

As of Dec. 8, US$1 as equivalent to 13,549 Indonesian rupiah.