Jakarta - PT Maharaksa Biru Energi Tbk (OASA) is targeting to raise funds through a limited public offering I by providing preemptive rights of Rp430.32 billion.

Based on the company's prospectus published on Monday (9/19), OASA will offer 4.30 billion common shares at an exercise price of Rp100 per share.

OASA will use the proceeds from the PUT I of around Rp89 billion for the acquisition of shares of PT Indoplas Makmur Lestari (IML), around Rp69 billion to increase paid-in capital to IML, about Rp9 billion to purchase one strata-office unit, around Rp224 billion to raise paid-in capital to PT Telesye Indonesia, and the rest as working capital.

Gafur Sulistyo Umar, the main shareholder, intends to implement a rights issue I with up to 2.36 billion shares, or 55.01%, with an exercise price of Rp100. Thus, the total value is around Rp236.7 billion.

PT International Labuan Resources, as the standby buyer, will take 1.92 billion shares at the