PT Sanurhasta Mitra Tbk (MINA) plans to increase its capital by providing a rights issue of up to 2 billion new shares and 2.296 billion series I warrants.

Based on the brief prospectus published on Thursday (20/5), the rights issue plan to increase capital will positively affect the company's financial condition, namely strengthening the equity structure, thereby increasing its ability to develop its business activities and expand investment in the future.

Meanwhile, the company will use the proceeds from this transaction to invest in subsidiaries and other new companies that can synergize strategically with the company or for capital related to the development of business activities.

The plan is for the company to hold an Extraordinary General Meeting of Shareholders on June 25, 2021, to ask for shareholders' approval to make this celebration a reality.

Shareholders who do not exercise their Pre-emptive Rights and the warrants will h