PT Chandra Asri Petrochemical Tbk (TPIA) plans to conduct a limited public offering III  in the framework of the Pre-emptive Rights of a maximum of 7.166 billion new shares.

Based on the brief prospectus published on Wednesday (16/6), there will be a reduction in ownership of 28.67% for shareholders who do not exercise their Preemptive Rights.

The company will use the proceeds from the rights issue to increase the company's production capacity or business entity in the future.

In the context of the PUT III, the company uses the financial statements ending March 31, 2021, where the current ratio is at 203.58%, the net profit ratio for the year is around 583.12%.

Meanwhile, the estimated schedule for the rights issue is the effective registration statement from the OJK on August 16, 2021, cum Rights in the regular market and the negotiated market on August 25, 2021, ex-rights issue in the regular market, and negotiations on August 26, 2