UPDATE 2-Astra to raise 1.4 trln rph in right issue

Newswire

(Adds details) By Harry Suhartono JAKARTA, Dec 18 (Reuters) - Indonesia's leading auto maker PT Astra International said on Wednesday it planned to issue 1.43 billion new shares to raise 1.4 trillion rupiah ($157 million). Astra said under the rights issue, holders of 13 existing shares would have the right to buy seven new ones at the price of 1,000 rupiah each, details that had been eagerly awaited by the market. "The rights issue price of 1,000 rupiah was way lower than what we ...

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