PT KDB Tifa Finance Tbk (TIFA) plans to conduct a limited public offering with Pre-emptive Rights of up to 2.9 billion new shares with a nominal value of Rp100 per share.

According to the company brief prospectus published Friday (11/6), the company will use around 26% or Rp167 billion funds obtained from the results of this corporate action as principal and interest repayments as well as the company's loan to PT BCA, around 19% or Rp 121 billion to pay off principal and interest and borrowing costs to PT Bank Shinhan Indonesia and use the remainder to increase the financing portfolio.

In the framework of the rights issue plan, the company uses the financial statements for the period ending December 31, 2021, where the capital ratio at around 58.64 percent, non-performing finance is at the level of 3.42%, and the gearing ratio is 94.74%.

Meanwhile, indications of the schedule are that the effective statement from OJK is estimated on July 26, 2021, t