BUSINESS INFORMATION - Issuance of new shares (rights issue) of PT Excelcomindo Pratama Tbk (XL) will be decided at the Annual General Meeting (AGM) late October 2009. President Director of XL Hasnul Suhaimi, in Jakarta, Thursday night.
Hasnul explained, the issuance of new shares has been approved Axiata Group Berhad and Emirates Telecommunications Corporation International Indonesia Ltd as the main shareholder XL.
In addition, the results of right issue fund used to pay the debt so that interest costs can be reduced, and strengthening the balance sheet to grow investment XL.
However, according to XL's disclosure to the Indonesia Stock Exchange, the value of planned rights issue of 300 million U.S. dollars.
Rights issue of equity and Mandatory Convertible Notes (MCN).
The amount of equity and MCN, the stock price and the conversion value of the MCN will be determined later.
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