Jakarta - PT Batavia Prosperindo Trans Tbk (BTPR) aims to raise Rp198.4 billion through additional capital by providing pre-emptive rights or rights issues.

In the prospectus published on Friday (1/13), BPTR will offer as many as 1.89 billion shares, or 56.14%, of the issued and fully paid capital after the rights issues. The exercise price is Rp100 per right.

The company will use the proceeds from the rights issue of around Rp76 billion to repay the principal debt to PT Woori Finance Indonesia Tbk. The rest will be used as working capital and for the company's capital expenditures.

PT Batavia Prosperindo Internasional Tbk, the main and controlling shareholder with 1.13 billion shares, or 73.25%, will exercise its preemptive rights worth Rp112.63 billion.

Shareholders who do not exercise their Preemptive Rights will have their shares diluted by approximately 56.15%.

Meanwhile, an indication of the implementation schedule is the E