Rights Issues Signal Issuers’ Determination as JCI at Risk of Losing Direction
A number of listed companies, including BNBR and COCO, are moving aggressively with rights issues despite volatility in the JCI.
(Bisnis.Com) 01/01/70 07:00 165701
Bisnis.com, JAKARTA — A number of listed companies are refusing to stand idle, pressing ahead with aggressive plans to reinforce their capital through rights issues despite the risk of volatility in the Jakarta Composite Index (JCI) amid heightened geopolitical tensions.
According to disclosures filed with the Indonesia Stock Exchange (IDX), PT Bakrie & Brothers Tbk. (BNBR) has announced a plan to undertake a Capital Increase by Issuing Pre-emptive Rights (PMHETD), or a rights issue.
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