PT Sejahteraraya Anugrahjaya Tbk (SRAJ), the operator of Mayapada Hospital, plans to conduct a limited public offering III in the context of Preemptive Rights of a maximum of 12 billion shares or 50% of the issued and fully paid capital at an offered price of Rp110 per share.

Based on a brief prospectus quoted on Friday (12/3), its amount of funds proceeds from this LPO III is around Rp1.320 trillion.

The company plans to use the proceeds from this corporate action for deposits to business entities of around 70% and 30% for working capital.

PT Surya Cipta Inti Cemerlang (SCIC), as the owner of 7.199 billion shares representing 59.99% of the total issued and fully paid-up capital in the company, said it would exercise its Rights of around 7.199 billion shares.

Shareholders who do not exercise their rights will experience a decrease in their ownership percentage by about 50%.

Meanwhile, the company held the EGMS on the agenda on February 18, 2021. The remaining schedule for this corporate action is the effective statement from the OJK on April 16, 2021, the last trading date of Preemptive Rights shares on the regular market, and negotiations on April 21, 2021, and the cash market April 26, 2021, starting trading without Preemptive Rights on the regular market and negotiations on April 22, 2021, and cash market April 27, 2021, distribution of Preemptive Rights April 27, 2021.