FORU – Plans IDR27.7 tn rights issue to acquire mining asset

FORU – Plans IDR27.7 tn rights issue to acquire mining asset Fortune Indonesia (FORU) plans to conduct a rights issue of up to 219.5 bn new shares, representing 99.79% of its enlarged issued and paid-up capital, subject to shareholder approval at an Extraordinary General Meeting of Shareholders (EGMS) scheduled for 16 Jul ‘26. With an exercise price of IDR126/share, the rights issue could raise up to IDR27.7 tn. The company intends to use approximately 76.8% of the proceeds to acquire a 49% stake in PT Borneo Prima from its controlling shareholder, IMR Asia Holding Pte Ltd, through an in-kind capital injection valued at IDR21.2 tn. The remaining proceeds will be provided as a loan to PT Borneo Prima to support mining operational working capital and production activities. (Source: EmitenNews)