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Intiland Will "Right Issue" Rp2, 073 Trillion

Jakarta (ANTARA) - PT Intiland Development Tbk (DILD) will conduct a limited public offerings (rights issue) III Rp2, 073 trillion.

In the prospectus, published Thursday mentioned the number of issued shares of 2,073,170,722 with a nominal sheet of Rp500 per share and the price offered Rp 1,000 per share.

While the ratio of "rights issue" of 3:2, three old shareholders entitled to purchase two shares of "rights issue". In addition the company also provides warrants freely inherent in the stock "right issue" is.

Meanwhile funds from the proceeds "rights issue" is planned to be used to provide loans to subsidiary companies and debt repayment. While the results of Series 1 Warrants will be used the company to increase working capital and operational costs.

For that the company plans to hold a general meeting of shareholders (EGM) on March 29, 2010, to request approval "rights issue".

Act as standby purchaser (standby buyer) is Faith Mount Investments Ltd., PT Cempaka Andalan Kharisma, PT Cakrawala Persada Gemilang, PT Permata Ratnamulia, and PT Minna Padi Investama.