PT Radana Bhaskara Finance Tbk (HDFA) plans to issue 609,697,278 new shares without pre-emptive rights or 10% of all fully paid shares in the company.

This additional capital without pre-emptive rights requires the shareholders' approval at the Extraordinary General Meeting of Shareholders to be held on June 24, 2021.

Through this transaction, the company will get additional working capital without burdening the shareholders. This transaction will increase the company's capital and financial structure, increase the number of shares outstanding, increase stock trading liquidity, and attract strategic investors interested in investing in the company.

"The company plans to use the proceeds from the transaction for investment and working capital," said Head of Legal & Corporate Secretary Division Radana Ade Pautianus Hambali in the IDX disclosure on Thursday (20/5).

Shareholders who do not exercise their rights will have thei