JAKARTA (Yosefardi) – Offset printing and corrugated packaging firm PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) plans to issue 250 million new shares or 10% of its enlarged shares capital, through preemptive rights issue scheme or rights issue.
Currently public investors hold 40% DAJK shares and PT Anugerah Pratama International controls 58.98% shares.
DAJK is to seek loan of Rp2.2 trillion, consisting of syndicated loan of Rp1.45 trillion and billateral loan of Rp750 billion, mostly used to fund the construction of its 4th corrugated cartoon factory in Subang, West Java with capacity of 10 metric tons (MT) per month, expected to commence commercial operation by 2017.
DAJK will also use the loan to refinancing its existing debt of Rp652.5 billion, to fund working capital (Rp375 billion), to fund its capital expenditure (Rp435 billion).