PT Radana Bhaskara Finance Tbk (HDFA) plans to increase its capital without granting Preemptive Rights or private placement.

Radana's official publication in the IDX's information disclosure on Wednesday (23/6), the purpose of implementing the private placement plan is to strengthen the company's capital structure, and finances will increase and meet the free float requirement of around 7.5% of the total shares in paid-in capital.

In connection with the private placement implementation plan, the company does not yet have information regarding prospective investors who will implement the private placement and is still waiting for the results of the roadshow, which will be held in July-August 2021.

The company will use the proceeds from implementing the plan for investment with a portion of 10% and 90% for working capital.

According to the portion, shareholders who do not exercise their rights will experience a decrease in share owne