Several issuers on the Indonesia Stock Exchange (IDX) have announced\nplans for capital increases through Pre-emptive Rights (HMETD), commonly\nknown as rights issues. The value of these corporate actions varies\nwidely, ranging from hundreds of billions to tens of trillions of\nrupiah.<\/p>\n
Based on information gathered as of 2 September 202<0xC2>6,\nseveral companies have disclosed redemption prices and the maximum value\nof their share issuances. One of the most recent announcements came from\nPT Cakra Buana Resources Energi Tbk (CBRE), which released a summary\nprospectus on 1 September 2026.<\/p>\n
Note that final implementation schedules have not all been verified\nand are therefore not included in this summary.<\/p>\n
CBRE Releases Latest Prospectus, Targeting Rp1.27\nTrillion<\/strong><\/p>\n CBRE released its summary rights issue prospectus on 1 September\n2026. The company plans to issue approximately 11.80 billion new shares\nat an execution price of Rp108 per share, bringing the maximum issuance\nvalue to approximately Rp1.27 trillion.<\/p>\n Under this plan, every holder of 100 existing shares is entitled to\nreceive 260 HMETD. Each HMETD provides the right to purchase one new\nshare at the announced execution price.<\/p>\n The number of new shares offered is equivalent to approximately\n72.22% of the placed and fully paid-up capital following the rights\nissue. This corporate action plan previously received approval through\nan Extraordinary General Meeting of Shareholders (EGMS) on 18 December\n2025.<\/p>\n FORU Records Largest Planned Value<\/strong><\/p>\n FORU recorded the largest planned rights issue value in the list,\nreaching approximately Rp27.10 trillion with an execution price of Rp126\nper share.<\/p>\n This value includes a non-cash capital contribution in the form of\nshares in PT Borneo Prima through an inbreng mechanism. Consequently,\nthe total issuance value does not consist entirely of cash flowing into\nthe company.<\/p>\n Meanwhile, BUVA is preparing a rights issue with a maximum value of\napproximately Rp1.54 trillion at a price of Rp250 per share. BRNA has\nannounced an execution price of Rp685 per share with a maximum value of\napproximately Rp372.61 billion, while AHAP is offering a price of Rp50\nper share with a maximum value of Rp175 billion.<\/p>\n Several Issuers Awaiting Certainty<\/strong><\/p>\n ENRG had previously announced details of its rights issue, but\nimplementation is reported to be delayed. Meanwhile, BAJA is reportedly\nawaiting an effective statement from the OJK, as reported on 20 August\n2026. Figures from previous plans are not included in the table as final\nupdates have not been verified.<\/p>\n EURO is preparing to issue a maximum of 2 billion new shares, which\nwill be submitted for approval through an EGMS on 18 September 2026.<\/p>\n Furthermore, BMAS obtained approval during an EGMS on 27 August 2026\nto issue a maximum of 2.875 billion shares. The price, ratio, and\nimplementation schedule will be determined at a later date.<\/p>\n MEJA is also preparing subsequent stages regarding its rights issue\nand the planned acquisition of Trimata Coal Perkasa. The maximum values\nlisted in this list represent the target issuance before emission costs;\ntherefore, actual realisation depends on the execution of each\nrespective corporate action.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/10-issuers-to-conduct-rights-issues-in-august-september-with-massive-figures-1788400425",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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