Jakarta - PT Perintis Triniti Properti Tbk (TRIN) plans to target the acquisition of funds from the Limited Public Offering I to issue Pre-emptive Rights amounting to Rp138.98 billion.

The short prospectus published on Thursday (18/2) shows the company plans to issue a maximum of 185.31 million shares, or 3.85% of the total issued shares. The exercise price is Rp750 per share.

Simultaneously, TRIN also issued 185.31 million series II warrants with an exercise price of Rp.950 per share.

To realize this corporate action, TRIN has obtained the approval of the GMS on November 18, 2021.

TRIN will use the proceeds from the rights issue of around 32.85% for transactions for the takeover of assets in the form of holdings in Labuan Bajo, covering an area of ​​191,790 m2. It will use about 33.18% for the acquisition of assets in the form of land in Lampung, covering an area of ​​93,108 m2, and 33.97% for working capital. Meanwhile, the proceeds