Suspended AirAsia to Hold a Rights Issue

By Editorial Team 17/08/2019
Summary

PT AirAsia Indonesia Tbk (CMPP) will hold a rights issue as an attempt to increase the number of shares or free float. Two security companies are ready to arrange the issuance. They are PT Sinarmas Sekuritas and PT Mirae Asset Sekuritas Indonesia. Sinarmas Sekuritas President Director Kerry Rusli stated that the number of issued shares would be massive since 60 percent of shareholders' rights will be diluted if the rights issue doesn’t happen.

The rights issue will use the June 2019 financial report, and public accountants are currently auditing the 2019 first-half report. AirAsia’s floating shares is only 1.59 percent at the moment, while AirAsia Investment Ltd and PT Fersindo Nusaperkasa own 49.25 percent and 49.16 percent of total shares, respectively.

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