Tunas Baru Lampung to raise capital with non preemptive rights

BI/bursa

7/3/2010

Irvin Avriano A.

Bisnis Indonesia

Tunas Baru Lampung to raise capital with non preemptive rights

JAKARTA: PT Tunas Baru Lampung Tbk plans to raise capital with non preemptive rights as much as 200 million shares.

If referring to the stock price at the close of trading since March 3 at the level of IDR400 to IDR450 level yesterday, the company has the potential to set prices at the level of IDR425.2 and will receive funds from the actions amounted to IDR85 billion.

This was revealed at the extraordinary general meeting of shareholders (EGM) of the company information disclosure in PT Kustodian Sentral Efek Indonesia (KSEI) yesterday.

Tunas Baru Lampung Corporate Secretary Hardy when confirmed justify those information, but can not be explained the plan in details.

"The purpose of the action is to pay the company debts, but we have not able to announced officially and in detail," said Hardy when contacted yesterday.

The share price which coded TBLA closed at IDR450 level at the close of the stock yesterday. The position was strengthened 2.27% from the previous day's position and formed the capitalization of the company shares to IDR1.87 trillion. (Bisnis/IAA)