JAKARTA – PT Sinergi Inti Andalan Prima Tbk (INET) will issue 12.8 billion new shares through a Capital Increase with Pre-emptive Rights Offering (PMHMETD) or rights issue.

All the new shares represent 57.14% of INET’s issued and paid-up capital after the rights issue.

INET President Director Muhammad Arif said the exercise ratio for this rights issue is set at 3:4, meaning every holder of three existing shares is entitled to four rights.

Each right entitles its holder to purchase one new share at an exercise price of IDR 250.

PT Abadi Kreasi Unggul Nusantara (AKUN), INET’s majority shareholder, has committed to exercising all its rights and will act as standby buyer in this rights issue.

For its 60.62% stake in INET, AKUN will inject IDR 1.79 trillion to exercise all of its rights.

In addition, as standby buyer, AKUN has agreed to absorb the remaining new shares not taken up by other investors, with an estimated value of IDR 1.41 trillion.

Muhammad Arif stated that about IDR 2.8 trillion of the rights issue proceeds will be channelled as capital injection to GPI, a subsidiary that will build the Fibre To The Home (FTTH) network.

Around IDR 213 billion will be allocated to PFI, a subsidiary that will settle the costs of fibre optic provision. The remainder will be used as working capital for the subsidiary building the FTTH network.

Listing of the new INET shares is scheduled for 1 December 2025, with the recording date set for 27 November 2025. (KR/ZH)

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