JAKARTA – The property issuer controlled by tycoon Sugianto Kusuma (Aguan), PT Pantai Indah Kapuk Dua Tbk (PANI), has released the schedule for its third Pre-emptive Rights Offering (PMHMETD) or rights issue.

Citing the Indonesia Stock Exchange disclosure on Monday (01/12), PANI is offering up to 1,212,524,098 new shares with a nominal value of IDR 100 each, equivalent to 6.69% of the total shares in circulation after the rights issue.

With an exercise price of IDR 12,975 per share, PANI could raise IDR 15.73 trillion through this corporate action.

Shareholders recorded in the Shareholder Register as of 10 December 2025 at 4.00 PM WIB are entitled to 3,646 rights for every 50,831 shares held. Each right entitles the holder to purchase one new share.

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This corporate action received approval from the Extraordinary General Meeting of Shareholders held on 9 October 2025.

As reported earlier by IDNFinancials.com, around 96% of the proceeds from PANI’s rights issue will be allocated to increasing the company’s shareholding in PT Bangun Kosambi Sukses Tbk (CBDK). The remainder will be allocated for capital injections into three of PANI’s subsidiaries.

PANI’s majority shareholder, PT Multi Artha Pratama (MAP), which controls 87.78% of PANI’s shares, will receive 1.06 billion rights.

MAP has also declared its commitment to exercise 385.36 million rights (36.21% of its entitlement), valued at IDR 4.99 trillion.

MAP is also open to subscribing beyond its entitlement, for up to 450.33 million additional shares (42.31% of its rights), valued at IDR 5.84 trillion.

Should any shares remain unsubscribed, PT BCA Sekuritas and PT Trimegah Sekuritas Indonesia Tbk (TRIM) will act as standby buyers. They are prepared to take up 228.68 million shares — 151.61 million and 77.07 million shares respectively — in accordance with the standby buyer agreement.

Below is the schedule for PANI’s PMHMETD III rights issue:

  1. Cum rights date in the regular and negotiated markets: 8 December 2025
  2. Cum rights date in the cash market: 10 December 2025
  3. Ex rights date in the regular and negotiated markets: 9 December 2025
  4. Ex rights date in the cash market: 11 December 2025
  5. Recording date to obtain rights: 10 December 2025
  6. Rights distribution date: 11 December 2025
  7. Rights listing date at the Indonesia Stock Exchange: 12 December 2025
  8. Rights trading period: 12–18 December 2025
  9. Rights exercise period: 12–18 December 2025
  10. Distribution period for shares originating from rights: 16–22 December 2025
  11. Final payment date for rights: 18 December 2025
  12. Final payment date for additional share subscriptions: 19 December 2025
  13. Allotment date for additional share subscribers: 22 December 2025
  14. Refund date for additional share subscription payments: 23 December 2025
  15. Payment date by standby buyers: 23 December 2025

(DH/KR/ZH)  

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