PT Wintermar Offshore Marine Tbk (WINS) plans to increase its capital without Pre-emptive Rights as much as 415 million with a nominal value of Rp100 per share.

Referring to the brief prospectus published Wednesday (14/7), this amount represents 9.58% of the company's issued and paid-up capital on the announcement date of the GMS to approve this private placement, which is worth Rp433.31 billion, consisting of 4,333,137,057 shares.

The company will hold a GMS to seek the approval of the private placement plan on August 19, 2021.

The private placement plan is so that the company has a reserve of investment sources that can be executed when the need for investment arises. The company can use the investment in new projects.

The company plans to continue to increase capacity and adequate quality for offshore transportation services.

With the private placement plan, the company will obtain working capital to develop business activitie