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Jakarta Post
The Jakarta Post
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Economy in brief: Chandra Asri finishes Rp 5t rights issue

  • The Jakarta Post

Jakarta | Thu, September 14 2017 | 01:02 am

PREMIUM PT Chandra Asri Petrochemical (CAP), the country’s largest integrated petrochemical manufacturer, has concluded its Rp 5.03 trillion (US$378 million) rights issue, bringing its free float in compliance with an Indonesia Stock Market (IDX) regulation.

CAP president director Erwin Ciputra said the rights issue was oversubscribed, before it officially concluded on Sept. 8. “Investor enthus...