JAKARTA (Yosefardi) – PT Sekar Bumi, Tbk (SKBM), a manufacturer and distributor of frozen food products, plans to issue 56.45 million new shares through private placement, representing 6.63% of its enlarged capital.
The exercise price of new shares is set for Rp390, then the company will raise total proceeds of Rp22 billion. The new shares will be issued in April 15, 2014. UOB Kay Hian Pte Ltd will take all the new shares.
SKBM allocates capital expenditure (capex) of Rp230 billion for 2014, to fund the completion of construction of three new food processing plants.
That three plants will commence operation this year and boost the company’s production to 35,000 tons per year, from current 10,000 tons.