Wahana Pronatural to Sell Max. 1.17B New Shares in Rights Issue
(Bloomberg) -- Shares equivalent to 225% of enlarged capital, the Indonesian agriculture trading firm says in prospectus published on Investor Daily Indonesia newspaper.
* Price set at 100 rupiah each
* About 59.4% of proceeds will be used to meet debt-to-equity conversion for Hijau Sari and Mitra Niaga Sakti
** NOTE: Hijau Sari and Mitra Niaga Sakti are both co.’s creditors and shareholders
** Rest of proceeds will be used as working capital
* Ex trading date on regular market set on Oct. 8
$WAPO