JAKARTA (Yosefardi) – State miner PT Aneka Tambang Tbk (ANTM) managed to raise maximum Rp5.37 trillion from issuing 14.49 billion new shares, representing 60% of its enlarged shares capital, through the preemptive rights scheme or rights issue.
The exercise prices of rights issue is set at Rp371 per unit. Each shareholder with 310 old shares, recorded at October 20, 2015, will be entitled to buy 471 new shares. Trading of rights is scheduled for October 22-28, 2015.
The rights issue proceed will be used to fund ferronickel plant construction in East Halmahera (Rp3.5 trillion) and for working capital (the rest).
ANTM shares ended higher by 2.49% to Rp493 Tuesday (Oct 6), reflecting 9.6% gain from its recent bottom.