PT Indomobil Multi Jasa Tbk (IMJS) plans to increase its capital by providing Pre-emptive Rights to shareholders.

In an official publication on Thursday (20/5), management stated that the company will determine later the number of new shares issued and the shares' nominal value. The EGMS should be held on June 28, 2021.

"The plan is that the proceeds from this corporate action will be used to strengthen the capital structure and develop the company's business, either directly or indirectly," said the management.

This transaction plan will help the company strengthen the capital structure to support business growth and improve the company's financial performance.

"The increase in the company's capital in the long term is expected to increase business competitiveness and increase investment returns to the company's shareholders," he added.

Shareholders who do not exercise their rights to purchase