Astra eyes $100-150 mln rights issue

Newswire

JAKARTA, Oct 29 (Reuters) - Indonesian auto conglomerate PT Astra International said on Tuesday it would soon have a rights issue worth $100-150 million, but most probably not before the end of the year because of time constraints. "We will have a rights issue as soon as possible, but for now we will concentrate first on the debt restructuring," Astra president Budi Setiadharma told Reuters. "Our target is this year but it is unlikely because of limited time for the (necessary) ...

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