PT Ifishdeco Tbk (IDX: IFSH) is seeking capital by inviting new investors for the acquisition or purchase of shares in companies similar to the company, such as nickel mining.

IFSH will offer as many as 425 million new shares with a nominal value of IDR 100 per share, equivalent to 20 percent of the issued and paid-up capital.

The new shares will be offered through a series of Capital Increases with Pre-emptive Rights (PMHMETD) or rights issues.

"The plan is expected to strengthen the capital structure in the context of business development by inviting potential new investors, both local and foreign, to participate in capital investment to provide added value to the company's performance," wrote the company's management.

The corporate action will be held within twelve months after the approval of investors at the Extraordinary General Meeting of Shareholders (EGMS) on April 30, 2024.

Image source: Pasardana.id
Source: https://pasardana.id/news/2024/3/22/ifsh-cari-pemodal-baru-guna-caplok-tambang-nikel/