Barito Pacific to Rights Issue

Barito Pacific, Tbk (BRPT:IJ) is planning to issue new shares as one of the fund alternatives for petrochemical factory development owned by Chandra Asri Petrochemical, Tbk (TPIA:IJ) in Cilegon. This factory needs USD4.5-5Bn investments, and the company plans to use equity and loans. However, the company will not conduct rights issue this year, as Chandra Asri Petrochemical plans to begin its petrochemical factory construction in 2020.

Barito Pacific Records 9.75% YoY Revenue Growth in 1Q18

Barito Pacific Seeks USD1Bn Fund from Right Issue

Petrochemical Business Support Barito Pacific