MARKET MOVING: Sugih Energy eyes IDR2.4 trillion from rights issue

Raydion

May 04, 2012 07:55

JAKARTA: PT Sugih Energy Tbk is eyeing IDR2.4 trillion from issuing 24.47 billion shares or 38.5% of total stock through rights issue.

The proceeds will be used to acquire Eastwin Global Investment Ltd from Roots Capital at IDR2.07 trillion. Standby buyer on the rights issue is Goldenhill Energy Fund. (T05/aph)

For further reading see Bisnis Indonesia epaper

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