JAKARTA (Yosefardi) – Mineral water producer PT Tri Banyan Tirta Tbk (ALTO) raised Rp343.3 billion from issuing 680 million new shares (rights issue), lower than its target of Rp374 billion. The new shares is priced at Rp550 per share.
ALTO plans to buy 133,650 shares of PT Tirtamas Abadi Berjaya from PT Tirtamas Anggada for Rp155.3 billion. This
shares purchase or acquisition will be funded by rights issue proceeds.
Currently the company has assets of Rp342.9 billion and liability of Rp204.9 billion. It booked net profit of Rp14.17 billion in first nine months of this year on revenue of Rp194.85 billion.