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Sarana Menara plans $333m rights offering to aid expansion

Bareksa30 Mei 2014
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Sarana Menara plans $333m  rights offering to aid  expansion
Petugas melakukan komunikasi, saat pelepasan Mooring Tower pesanan Mobile Cepu Ltd, di pabrikasi PT Bakrie Construction - (ANTARAFOTO/Audy Alwi)

The rights shares will be offered at Rp 3,792 apiece.

The Jakarta Post - Publicly listed telecommunications tower operator Sarana Menara Nusantara plans to raise Rp 3.86 trillion (US$331.83 million) from a rights shares offering next month to finance its expansion plans, which includes building 2,000 new towers this year.

Sarana Menara aims to release 1.02 billion new shares in the non-preemptive rights issuance, which is equivalent to 10 percent of the company’s enlarged capital, according to the statement it submitted to the Indonesian Stock Exchange (IDX) website on Wednesday.

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1.380,2

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Up7,35%
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1.090,33

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1.838,73

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Up3,93%
Up6,33%
Up7,43%
Up17,20%
Up39,76%

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1.075,71

Up0,66%
Up3,97%
Up6,69%
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