PSSI to Purchase New Mother Vessels

By Editorial Team 30/08/2019
Summary

PT Pelita Samudera Shipping Tbk will realize the plan to undertake a private placement in February 2020 to buy more ships. Pelita Samudra Shipping Corporate Secretary Imelda Agustina Kiagoes revealed that the company planned to buy more mother vessels next year. The additional vessels were necessary since the company was exploring the chance to add more contracts.

The company using PSSI as the stock code will release around 402.68 million shares or eight percent of capital deposited and placed by the company. Assuming it will use the closing price on Wednesday (8/28) as much as Rp 165 per share, PSSI would possibly receive around Rp 66.44 billion worth of the fresh fund. However, the company might still need the green light from the shareholders in an extraordinary general shareholders meeting (RUPSLB) held on September 16, 2019.

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