JAKARTA (Yosefardi) – State construction firm PT Adhi Karya Tbk (ADHI) kicks of its rights issue for 1.37 billion new shares, representing 43.2% of its enlarged shares capital.
The exercise price is set at Rp2,000 to Rp2,700 per share, then ADHI would raise proceeds of maximum Rp2.74 trillion. Trading of rights is scheduled for July 3-9, 2015.
ADHI booked net profit of Rp10.79 billion in first quarter of 2015, dropped 37.5% from Rp16.63 billion in the same period of 2014. Revenue declined 13.8% to Rp1.24 trillion from previous Rp1.44 trillion.
The company’s assets totaled Rp10.97 trillion while liability amounted Rp9.28 trillion. It has cash and cash equivalent of Rp903.38 billion.