Rights Issue Action of Wijaya Karya (WIKA) Not Sold Out

CORPORATE ACTION - JAKARTA. The second round of Preemptive Rights (PMHMETD) or rights issue by PT Wijaya Karta Tbk (WIKA) has seen a lackluster response. The state-owned enterprise was only able to absorb IDR 87.9 billion from the public.

WIKA offered 46.81 billion new series B shares, equivalent to 83.92% of the paid-up capital, with a nominal value of IDR 100 per share. The execution price of the rights issue was IDR 197 per share, thus the total estimated funds to be raised could reach IDR 9.2 trillion. 

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