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 celeation, 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

Bank Bukopin (Foto Dok Industry.co.id)

Kamis, 20 September 2018 - 15:30 WIB

Bank Bukopin Aiming at 300 Thousand Migration Debit Cards to Chip

Jakarta - Bank Bukopin accelerates the transfer of debit cards in the form of chips for data security during transactions anywhere. The target of 300,000 targeted cards will be migrated until…

Restu Pratiwi Ketua Umum Yayasan Danamon Peduli (Foto Dok Industry.co.id)

Kamis, 20 September 2018 - 15:00 WIB

Danamon Peduli Foundation Promotes the People's Market Festival in Banjarmasin

Banjarmasin-Danamon Peduli Foundation ("Danamon Peduli") once again held the Banjarmasin 2018 Folk Market Festival (FPR), entitled "Bakukung ka Pasar" or which means an invitation to visit traditional…

IHSG (Foto/Rizki Meirino)

Kamis, 20 September 2018 - 14:55 WIB

Global Stocks Strengthen Today

Jakarta - The movement of the Asian stock market was again able to turn higher amid fears of a US and Chinese trade war. Market participants responded positively to the release of the BoJ which…

Warberer's

Rabu, 19 September 2018 - 23:18 WIB

Waberers to add natural gas-powered trucks to its fleet

Waberers, Shell and IVECOs sole distributor have concluded a successful gas fueled vehicle test series in FTL transportation in the last two months. Due to the excellent operation data and environmental…

25 Tahun BASF (Foto Dok Industry.co.id)

Rabu, 19 September 2018 - 21:30 WIB

Nine Million Farmers Feel BASF Product Benefits

Pamanukan - BASF celebrated the 25th anniversary of Regent, one of the pioneers of insecticide brands in Indonesia. Since 1993, Regent has helped more than 9 million farmers in 17 provinces…