JAKARTA (Yosefardi) – PT Batavia Prosperindo Internasional Tbk (BPII) plans to issue 700 million new shares through preemptive rights scheme, priced at Rp500 per share, to raise total proceeds of Rp350 billion.
Trading of rights is scheduled for December 18-19, 2014. PT Batavia Prosperindo Sekuritas will act as standby buyer. The existing shareholders will potentially face shares dilution of 41.18% if they failed to exercise their rights.
BPII booked net profit of Rp31 billion in the first nine months of 2014, grew by 41% from Rp22 billion in the same period of 2013. Revenue increased 18% to Rp101.7 billion from previous Rp125 billion.
Its assets totaled Rp525.03 billion while liability amounted Rp236.37 billion. the company has cash and cash equivalent of Rp116 billion.