PT Adhi Karya (Persero) Tbk plans to increase its capital by issuing new shares (rights issue) in 2022.

"We are proposing to the government to get support through state capital participation through a rights issue which will be held in 2022," said ADHI President Director Entus Aswani Mukhson in the webinar "Measuring Infrastructure" in Jakarta, Wednesday (21/4).

According to Entus, the government is likely to approve the proposal to keep its share ownership in ADHI from diluted and remains 51%.

Meanwhile, the objective of this corporate action plan is to meet the capital needs of the company and business entities, in particular the development and development of integrated housing with LRT or transit-oriented development (TOD), as well as other ongoing projects.

"ADHI Group needs a large enough fund, and we have limited funds," he added.

He added that the company chose the rights issue option in add