Lippo Life's right issue

JAKARTA (JP): The publicly listed Lippo Life will issue one- for-one share rights to strengthen its capital structure, the company announced here yesterday.

Lippo Life said in a statement here that shareholders with one share are eligible to buy a new share at a 40 percent discount or Rp 1,450 (62 U.S. cents).

This issue of share rights will increase the total number of shares by 100 percent, or 385 million, and boost the company's total equity to Rp 450 billion. (hen)