DEWA - 44% dilution through private placement

DEWA - 44% dilution through private placement Darma Henwa (DEWA) plans a private placement of ~17.2 bn new shares at IDR65 each to convert ~IDR1.1 tn in debt, resulting in a 44% dilution effect. Two parties, Madhani Talatah Nusantara and Andhesti Tungkas Pratama, will participate, acquiring 29.8% and 14.2% stakes, respectively, despite having no prior ownership in DEWA. The plan will be discussed at the EGM on February 13, 2025. (Source : Company)