Jakarta - PT Perintis Triniti Properti Tbk (TRIN) plans to conduct a limited public offering or rights issue by providing Pre-emptive Rights of a maximum of 1.093 billion shares or 20% of the total issued shares.

The company's brief prospectus published on Wednesday (17/11) TRIN said simultaneously, also issued a maximum of 1.093 billion series II warrants accompanying new shares for a period of 5 years with a ratio of 1:1.

To realize this corporate action, TRIN will hold a GMS on November 18, 2021.

TRIN will use the proceeds from the rights issue for working capital for the company/business entity that is in line with the company's business activities in the property sector to purchase new land and business development.

With this additional capital, TRIN can strengthen the company's capital structure, develop business activities and improve performance, enlarge and expand investment, and support the company's business growth.<