Jakarta - PT Wahana Interfood Nusantara Tbk (COCO) plans to increase its capital with Pre-emptive Rights I as much as 331.76 million shares or 59.21% of the total shares before the exercise of the Pre-emptive Rights.

The brief prospectus released on Thursday (2/12) revealed that the rights issue has an exercise price of Rp304 per share. Thus, the company will raise funds of up to Rp100.85 billion.

The company will use approximately 85% of the proceeds from Rights Issue I to pay off its debt for the BCA time loan revolving facility and the rest for working capital.

PT Inter Jaya Corpora (IJC), as the company's shareholder with 19.29%, will transfer all of the Preemptive Rights to Mahogany Global Investments Pte Ltd.

The dilution of share ownership that does not participate in the Rights Issue is a maximum of 37.04%.

Meanwhile, the implementation schedule is that the registration statement for the Preemptive Rights offer becomes ef