PT AKR Corporindo Tbk, the chemical distributor, plans to raise IDR539.2 billion next year. The fund from rights issue will use to build tank terminal and to raise working capital. New shares dilute the stake of existing shareholders.
AKR won over the 109,162 kl subsidized oil and fuel distribution tender from BPH Migas for zone 1 and 4 in 2010. Zone 1 includes the whole Sumatra and zone 4 Kalimantan and Sulawesi.
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