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Mar 25, 2021 2:50 PM

Market Sentiment for Corp Action 

COMMUNICATION CABLE SYSTEMS IDNIDX

Description

PT Communication Cable Systems Indonesia Tbk (CCSI) will take corporate action this year. CCSI plans to increase its issued and paid-up capital by providing Pre-emptive Rights (HMETD) aka rights issue.

In this rights issue, CCSI will issue a maximum of 170 million shares or 17% of the company's paid-up capital at the general meeting of shareholders (RUPS).
In his statement, CCSI management said that the shares issued by the cable producer issuer registered shares with a nominal value of Rp 100.

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