Jakarta - PT Weha Transport Indonesia Tbk (WEHA) plans to conduct a limited public offering II in the issuance of preemptive rights of 813.58 million shares, which is 47.86% of the total outstanding shares after the limited public offering II.

Based on IDX's information disclosure on Monday (6/6), PT Panorama Sentrawisata Tbk, as the 44.91% shareholder, stated that it would exercise its preemptive rights following the portion of its ownership.

Meanwhile, PT Weha Investama, as the 23.89% shareholder, stated that it would not exercise its preemptive rights. Meanwhile, WEHA will determine the decrease in share ownership (dilution) later.

The company plans to use around 50% of the rights issue proceeds for the addition of the fleet, about 30% for equity participation in subsidiaries, and WEH will use the rest for the company's working capital needs.

Along with the rights issue, the company plans to issue series III warrants with the amount