Jakarta - PT SLJ Global Tbk (SULI) plans to increase its capital without preemptive rights or private placement by 90 million shares, representing 2.21% of the company's total issued and fully paid shares.

Based on the company's disclosure of information submitted to the IDX on Thursday (8/11), the EGMS to approve the plan will take place on September 16, 2022.

PT Kalimantan Powerindo (KPP) plans to take part in the new shares to be issued in the private placement.

According to the sale and purchase agreement signed on July 29, 2022, PT KP Baru has expressed its desire to convert Rp270 billion in receivables into SULI shares with a total of 90 million units.

If the shareholders approve the private placement plan, the paid-up and issued capital will rise by Rp270 billion, or about US$18.816 million. As a result, SULI's equity, initially negative US$14.615 million, increased to positive US$10.965 million, and liabilities increased to