Expands Textile Industry, SRITEX Makes Additional Capital

By : Hariyanto And Aldi Firhand. A | Monday, November 06 2017 - 17:49 IWST

President Director of PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto (Foto Ist)
President Director of PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto (Foto Ist)

INDUSTRY.co.id - Jakarta - PT Sri Rejeki Isman Tbk (SRIL) will conduct additional capital without HMETD by issuing 1.859 billion shares at an exercise price of Rp353.2 per share.

President Director of Sritex, Iwan Setiawan, said the funds obtained from this corporate action for working capital and general company needs or for expansion in the textile industry include takeover of companies engaged in the textile industry.

The Company considers the PMTHMETD implementation plan to strengthen the capital structure which will ultimately support the business of the company and its subsidiaries, and increase the number of publicly traded shares so that after the end of the required 12-month lock-up period, it can improve the company's liquidity.

To realize this celebration, the company will hold an EGMS on November 6, 2017. All new shares to be issued will be taken by the company's main shareholder, PT Huddleston Indonesia (HI).

Currently, HI has as many as 10.425 billion shares of the company or Rp1, 045 trillion which is 56.07% of the total issued and paid up capital of the company. This is in line with HI's commitment to develop the company.

One of the commitments given by HI is in the form of funding for the company's equity. In addition, HI has certainty of funding that can be given to the company.

News Comment

Today's Industry

Citibank

Minggu, 18 April 2021 - 22:10 WIB

Citi Indonesia Reiterates Commitment to Customers During Sale Process of The Consumer Bank Business

Citi today reaffirmed there would be no immediate change to how it serves its local consumer bank customers, as it commences the sale process of its Indonesian consumer business, following the…

Indonesia Port

Sabtu, 17 April 2021 - 06:05 WIB

Indonesia's Export Value in March 2021 is Higher than February

Statistics Indonesia (BPS) released value of Indonesia's exports in March 2021 which reached US$18.35 billion, an increase of 20.31% compared to exports in February 2021, as well as compared…

Minister of Manpower Ida Fauziyah

Sabtu, 17 April 2021 - 05:10 WIB

Manpower Minister Urges BPJS Kesehatan to Speed Up Integration of JKP Beneficiaries’ Data

Minister of Manpower Ida Fauziyah has urged the Health Care and Social Security Agency (BPJS Health) to accelerate the integration of membership data for the social security program of laid-off…

Satgas COVID-19

Sabtu, 17 April 2021 - 04:19 WIB

COVID-19 Task Force Asks Regional Governments to Firmly Enforce Regulations on Eid Homecoming

The COVID-19 Handling Task Force through its spokesperson Wiku Adisasmito reminded regional governments to enforce the rules set by the Government in the Circular of Head of the COVID-19 Handling…

Minister of Villages, Development of Disadvantaged Regions and Transmigration Abdul Halim Iskandar

Sabtu, 17 April 2021 - 03:12 WIB

Gov’t Has Disbursed Village Funds to 34,053 Villages: Minister

The Government has disbursed Rp 11.361 trillion of Village Fund as of 12 April 2021, according to Minister of Villages, Development of Disadvantaged Regions and Transmigration Abdul Halim Iskandar.