PT Adi Sarana Armada Tbk (ASSA) plans to increase its capital by providing rights issue of 600 million convertible bonds, equivalent to 15.01% of the total shares after the conversion, with the number of funds received amounting to Rp720 billion.

Based on the brief prospectus issued on Friday (23/4), the period for converting bonds into shares is July 25, 2023.

PT Adi Dinamima Investindo, as the main shareholder, does not exercise all of its rights to purchase convertible bonds and will transfer 150.454 million pre-emptive rights to the International Finance Corporation.

PT Daya Adicipta Mustika as the shareholder, also does not exercise all of its rights and will transfer 115.037 million pre-emptive rights to the International Finance Corporation. Prodjo Sunarjanto Sekar Pantjawati as the shareholder, also did not exercise his rights and will transfer 59.984 million rights to the International Finance Corporation.

Then, as the share