JAKARTA (Yosefardi) – Toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) denies media report that it plans to launch the rights issue for 1.1 billion new shares, or 33.3% of its enlarged shares capital.
Indrawan Sumantri, CMNP’s corporate secretary, said in a statement to the stock exchange that the rights issue is only an idea of one shareholder and CMNP has not discuss this issue yet.
Media earlier reported CMNP targets to raise Rp550 billion via rights issue, used to fund the business expansion and the acquisition over PT Cipaganti Citra Graha Tbk (CPGT).
Indrawan however said CNMP has no plan to acquire Cipaganti.