Jakarta - PT Surya Esa Perkasa Tbk (ESSA) plans to make a capital increase without preemptive rights or private placement of 1.56 billion shares, or a maximum of 10% of the total issued and fully paid capital.

Based on the disclosure of information on Tuesday (1/3), the EGMS will be held on February 8, 2023.

The company will use the funds received from the private placement proceeds to increase investment in PT Panca Amara Utama's subsidiary.

In connection with the additional investment, on December 21, 2022, the company signed a conditional sale and purchase agreement with Chander Vinod Laroya (CVL) and GT (Giribaldi Thohir) to buy 233,020 PAU shares with a nominal value of Rp1 million per share.

The company will issue the new shares to CVL and GT, respectively, the company's shareholders.

The company's shareholders will be affected by a maximum dilution of ownership of 9.09%.