Jakarta - PT Adhi Karya Tbk plans to conduct a limited public offering II with preemptive rights of 7,121,658,184 series B shares.

Due to the company's limited equity, ADHI will offer the rights, according to the company's information disclosure on Thursday (3/17). ADHI's equity is little compared to other SOEs that have been listed on the Indonesia Stock Exchange.

On the other hand, in 2020, ADHI's financial situation was exacerbated by the Covid-19, which had hit the global economy. Even in various countries, the economy did not grow and was threatened with a recession.

With this plan, ADHI can establish a solid financial structure and financial management, expand its business capacity, support government programs in the National Economic Recovery, and support and accelerate the development of national strategic projects (PSN).

The rights issue plan the company expects to affect its ability to strengthen the capital structure