Sri Rejeki Got Private Placement Approval

PT Sri Rejeki Isman, Tbk (SRIL IJ) finally got approval from shareholders to increase the capital through private placement. Company will aiming fresh fund of IDR658.44bn from this corporate actions. The plan was approved by the company’s private placement 100% shareholders who attend the general shareholders meeting. The company plan to issue a maximum 10% of the issued and fully paid capital of the company, or the equivalent of 1.86 billion new shares. Price set for private placement was IDR354 per share, obtained from the average of the closing price of stock trading from August 22, 2017 until September 27, 2017.

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