Sri Rejeki Isman Acquisition Textile Company

Sri Rejeki Isman, Tbk (SRIL:IJ) plans to acquire domestic textile companies, to strengthen its domestic market. Company plan to do corporate action to obtain fresh fund, since company estimated capital expenditure (capex) to USD25Mn. Capex will be used for the purposes of such routine engine maintenance. Previously, company issued 1.86 billion new shares through private-placement, scooped fresh fundsTo subscribe please click here