PT Berlina Tbk (BRNA) plans to conduct a limited public offering III to shareholders by issuing a maximum of 244.77 million new shares.

Based on the management's official publication on Monday (29/3), they plan to increase capital has a positive effect on the consolidated financial condition of the company and business entities, namely it can improve the capital structure by decreasing loans, increase fixed assets due to capital expenditure and increase cash for working capital needs.

The company will hold an EGMS on May 4, 2021, to approve the corporate action.

The company will use the LPO III funds for repayment of loans or capital expenditures or working capital for companies and business entities.

For shareholders who do not realize their rights, their share ownership will be diluted by the percentage of a maximum of 20%.