Jakarta - PT Equity Development Investment Tbk (GSMF) plans to increase its capital by issuing Preemptive Rights through a limited public offering (LPO) V of 7.45 billion shares or 100% of the total issued shares.

Based on the summary prospectus released on Friday (12/3), the exercise price is Rp165 per share. Thus, the funds that the company will achieve approximately Rp1.23 trillion.

The company will use the proceeds to increase shares in PT Bank Ganesha Tbk, increase investment in shares in PT Equity Life Indonesia, raise working capital in loans at PT Equity Finance Indonesia, and the rest as working capital.

Equity Global International as the main shareholder with 67.76% ownership, will exercise its rights and act as a standby buyer.

Shareholders who do not take part in the Rights to which they are entitled will be subject to dilution of ownership of 50%.

Meanwhile, the implementation schedule is an effective registration statem