PT Berlina Tbk (BRNA) plans to increase its capital by providing its third issuance of new shares or rights issue of a maximum of 244,777 million shares.

According to the Corporate Secretary of Berlina, Dewi Hartanti, the plan to increase capital with rights issue will positively affect the consolidated financial condition of the company and business entities.

"For example, improving the capital structure with a decrease in loans, increasing fixed assets with capital expenditures, and increasing cash to expand working capital," said Dewi in an IDX disclosure on Tuesday (4/5).

Dewi hopes that as much participation as possible from the company's shareholders to exercise the Pre-emptive Rights that they will obtain.

If the shareholders do not exercise their rights, they will dilute the shares' ownership in the company's shares to 20% of the issued and fully paid-up capital.