Jakarta - PT Adhi Karya (Persero) Tbk (ADHI) plans to conduct a limited public offering II with preemptive rights of 7.121 billion new series B shares.

The company's prospectus released on Wednesday (24/8) stated that the funds obtained from the rights issue would be used, part of Rp 1.976 trillion, which came from state capital participation, for capital injections through the Implementing Business Entity.

The details are Rp1.4 trillion for the Solo-Yogyakarta-YIA Kulon Progo toll road project, Rp400 billion for the Yogyakarta-Bawen toll road project, and Rp200 billion for the Karian-Serpong SPAM.

If there are still remaining funds, then the company will use them for investment and working capital to construct national strategic projects (NSP) and non-NSP.

The indications for the implementation schedule are that the Annual GMS will take place on April 7, 2022, the effect estimate from the OJK is October 7, 2022, cum rights in the regular