Jakarta - PT Waskita Karya  Tbk plans to conduct a limited public offering III with pre-emptive rights or rights issue of 8.72 billion series B shares.

According to the company's prospectus, released on Friday (8/19), Waskita will hold an EGMS seeking approval for the plan on September 2, 2022.

The funds obtained from the rights issue III will be used for the completion of toll road projects, working capital, and indirect costs (interest, taxes, and administrative costs) for construction projects, as well as investment in the development of subsidiaries.

This corporate action is expected to affect the company's ability to strengthen its capital structure to continue the construction process on ongoing projects and improve the company's performance and other uses that support business growth so that it will have a positive effect on the company's financial condition.

As for the company shareholders who do not exercise