Indonesia SOE Kimia Farma plans rights issue

capsule px230
By Jonathan Breen
14 Aug 2019

Indonesian state owned pharmaceutical company Kimia Farma is planning to raise capital through a rights issue of new shares, according to a stock exchange filing.

It is looking to sell 1.58bn of shares, equal to 22.14% of its enlarged share capital. The price for the new stock has not yet been announced. Kimia’s shares were trading at Rph3,100 ($0.22) apiece on Wednesday morning in Jakarta. At that level the deal would be worth ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial