P H
Nov 22, 2016 12:54:04

Jasa Marga ($JSMR) to set rights issue exercise price at Rp3,900

This would translate to 458mn new shares, implying 6.7% potential dilution to the existing shareholders. JSMR would raise approximately Rp1.8tn with 70% government’s portion and 30% public’s portion. Note that 50% of the proceed would be allocated for Semarang – Batang toll road (75km), 30% for Pandaan – Malang (37.6km), and 20% for Jakarta – Cikampek II (64km). (Bisnis Indonesia)

hide
Handle
N/A
Handle