GARUDA INDONESIA TO CONDUCT 2 STAGES OF RIGHT ISSUE (09/06/2022)

National airline Garuda Indonesia plans to conduct a rights issue in two stages this year to strengthen capital.

IDX CHANNEL - National airline Garuda Indonesia plans to conduct a rights issue in two stages this year to strengthen capital, deputy minister of state-owned enterprises Kartika Wirjoatmodjo revealed in a meeting with the house of representatives on june 7 2022 according to kartika after garuda and its creditors reach an agreement on debt restructuring worth 9.8 billion us dollar the government will inject 7.5 trillion rupiah.

Through the first right issue the second rights issue will be conducted in the early fourth quarter of this year to allow strategic investors to buy shares in garuda indonesia according to kartika the government plans to maintain its 51 stake in the airline after the rights issue is carried.