Jakarta - PT Diamond Citra Propertindo Tbk has revised its limited public offering to Rights Issue I to a maximum of 11.483 billion shares from the previous 14 billion shares.

The company's brief prospectus published on Thursday (7/10) said that this additional capital could strengthen its capital structure so that it can invest and develop business in the property sector and increase the number of outstanding shares.

The estimated effective limited public offering  (LPO) I registration statement from OJK is around November 15, 2021.

In implementing the LPO I, KPII as the primary and controlling shareholder of the company and Tjandra Tjokrodiponto will not exercise their rights. Universal Headway System Pte Ltd (UHS), Global Modern Investasi Pte Ltd (GMI), and Asian Growth Company Pte Ltd (AGC) will act as standby buyers.

Shareholders who do not exercise their rights and take their part of the new shares can be diluted by a maximum of