Jakarta - PT Wahana Interfood Nusantara Tbk (COCO) set the price for a limited public offering (LPO) I to increase capital by providing Pre-emptive Rights of Rp304 per share.

 In the brief prospectus published on Wednesday (6/10), COCO estimates that it can pocket around Rp. 100.85 billion in funds.

COCO plans to conduct a Limited Public Offering (LPO) I in order to increase capital by providing Pre-emptive Rights of a maximum of 331.76 million shares or 59.21%.

All costs related to the LPO I will be used for approximately 85% for BCA's time loan revolving facility and the rest for the company's working capital.

Rightsholders belonging to PT Inter Jaya Corpora (IJC) as the company's shareholder with 19.29% will be transferred to Mahogany Global Investment Pte Ltd (MGI). Furthermore, MGI will exercise the Preemptive Rights it has received in full by paying cash at the exercise price of the Preemptive Rights.

The owner