PT Clipan Finance Indonesia Tbk seeks to raise as much as IDR468.6 billion selling 1.17 billion new shares in a rights offer in October to boost working capital, the company said in a statement published today.
Existing shareholders can buy nine new shares at IDR400 a piece for every 20 shares they hold, the Indonesian consumer financing services company said in the statement.
The company picks PT Evergreen Capital as a stand by buyer. Clipan Finance also plans to issue IDR500 billion bonds and pick PT Indo Premier Securities and Evergreen Capital as a underwriter.
Wednesday, September 21, 2011
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