TBIG Effort to Pay Off Debts

By Editorial Team 08/11/2021
Summary

PT Tower Bersama Infrastructure Tbk is poised to split stock par value at a ratio of 1: 5. Following this corporate action, the nominal value of the company's initial shares of Rp 100 per share will change to Rp 20 per share.

Based on its public disclosure this week, the TBIG-coded company aims at increasing the stock trading liquidity. The company will also ask for shareholders' approval to issue global bonds worth US$ 650 million or equivalent to Rp 9.1 trillion.

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