PT Panorama Sentrawisata Tbk (PANR) plans to carry out additional capital with pre-emptive rights or rights issue for a maximum of 1.2 billion shares and provide a maximum of 400 million warrants as incentives for Rightsholders who exercise their rights.

PANR ​​Finance Director Angreta Chandra said the company would use proceeds of this corporate action for its business development (either directly or indirectly through subsidiaries) and a partial reduction of debt or working capital.

"The implementation of the rights issue considers the strategic plan to strengthen and accelerate the digitalization of the company's business. Since the last few years, Panorama has developed technological and digital infrastructure to strengthen operational activities," he said in his statement on Monday (26/7).

To carry out this corporate action, PANR will seek approval from shareholders through the Extraordinary General Meeting of Shareholders (E