JAKARTA (Yosefardi) – PT Hanson International Tbk (MYRX) plans to issue 8.35 billion new shares through pre-emptive rights scheme, representing 58.82% of its enlarged capital.
The exercise price of rights is set for Rp550 per unit, to raise total proceeds of Rp4.59 trillion. Each shareholder with 7 old shares, recorded at November 1, 2013, will be entitled to buy 10 new shares.
PT MarkAsia Strategic, non affiliated, has been assigned as financial adviser. Trading of rights is scheduled for December 4-7, 2013.
The company will use Rp4 trillion rights issue proceed for acquiring PT Mandiri Mega Jaya, Rp260.6 billion for repaying loan used to fund the acquisition of PT Binadaya Wiramaju. Some Rp107.96 billion proceeds will be used for working capital.