Jakarta - PT Atlas Resources Tbk plans to raise 300 million shares, or 9.58% of the total issued and fully paid shares, without providing pre-emptive rights or a private placement.

According to information released by the company on Monday (6/13), This private placement plan is carried out to strengthen the company's capital and financial structure.

The company is committed to continuing to increase the capacity and quality of the North Musi Rawas hub infrastructure that has been going on for the past few years. In addition, the company is improving its working capital and equity to obtain investment financing from third parties.

To realize the plan, the company will hold an EGMS on July 19, 2022.

With this private placement plan, the company's total issued and paid-up capital increased to 3.341 billion shares.

The company's financial ratios will also improve. Following the private placement, the current ratio will be 0.4