PT Dwi Guna Laksana Tbk (DWGL) plans to increase capital without pre-emptive rights or private placement by issuing a maximum of 871.16 million shares or 10% of the total issued shares as of December 30, 2020.

Based on IDX's information disclosure on Thursday (22/7), the company expects the private placement plan to strengthen the company's capital structure to increase the company's and subsidiaries' business activities and increase stock trading liquidity.

Meanwhile, the company will use funds obtained from the private placement to increase capital for the business entity, PT Sinergi Laksana bara Mas. Sinergi Laksana will use it as working capital for the purchase of coal.

Shareholders who do not exercise their rights will be subject to a dilution of ownership of a maximum of 9.09%.

To realize this corporate action plan, the company will hold an EGMS on August 30, 2021.

If the plan is realized, the total issued and