Jakarta - PT Darma Henwa Tbk (DEWA) plans to increase its capital by 10%, or 2.18 billion shares without preemptive rights.

Based on the prospectus published on Wednesday (5/18), the private placement plan is to strengthen the capital structure and increase the number of outstanding shares, indirectly increasing the trading liquidity of the company's shares.

Meanwhile, the company will allocate the private placement proceeds to strengthen capital and business growth in the form of working capital.

The company plans to hold an EGMS on June 30, 2022, to approve the private placement plan.

With the planned increase in capital, DEWA's current ratio increased by 85.31%, and the ratio of liabilities to equity decreased to 105.07%.

The company's controlling shareholder, Zurich Assets International Ltd., has direct share ownership of 11.50% and indirectly through Goldwave Capital Ltd., with ownership of approximately 17.46%.