12/23/2016

PT evergreen issues Rp 10 trillion to cover the debt

PT evergreen  issues Rp 10 trillion to conver the debt


PT evergreen invesco tbk plans to issue Rp 10 trillion new shares raising the fund to cover the debt. According to the plan, the raised fund is to pay the debt of PT bumi putera which was bought by pt evergreen invesco last october through its subsidiary PT pacific multi industri(PMI).

Chief executive of the capital market supervisory Bank central Indonesia, nurhaida said that based on document the value right issue reaches Rp 10 trillion meanwhile total of debt of pt bumiputera reaches Rp 30 trillion. However, out of Rp 10 trillion right issue, only RP 4 trillion estimately to be paid to pt bumiputera.

Nurhaid further stated pt evergreen invesco will be given 10days to complete the document including pointing the standby buyers.

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