JAKARTA, RAKYAT NEWS – PT Bukit Uluwatu Villa Tbk. (BUVA), a company affiliated with prominent businessman Happy Hapsoro, has announced plans to raise capital through a rights issue. The company intends to offer up to 3.6 billion new shares, equivalent to 17.48% of its total issued and fully paid-up capital. This move is part of BUVA’s strategy to strengthen its financial position and pursue growth opportunities in the hospitality and real estate sectors.

According to a disclosure on the Indonesia Stock Exchange (IDX) on Friday, February 14, 2025, BUVA will issue the new shares under a rights offering scheme, allowing existing shareholders to purchase additional shares before they are offered to the public. If shareholders choose not to exercise their rights, their ownership stakes could be diluted by up to the aforementioned percentage.

The proceeds from the rights issue will be allocated to fund inorganic growth initiatives, including potential acquisitions of other companies or repayment of the company’s existing liabilities. BUVA emphasized that any material transactions or conflicts of interest arising from the use of the funds will be conducted in compliance with relevant regulations.

The capital-raising plan is expected to be executed within 12 months of receiving approval from an Extraordinary General Meeting of Shareholders (EGMS) and obtaining an effective statement from the Financial Services Authority (OJK). The EGMS is scheduled for March 24, 2025, where shareholders will vote on the proposed rights issue.

As of January 31, 2025, BUVA’s capital structure shows a total issued and paid-up capital of Rp1.02 trillion, with an authorized capital of Rp3.75 trillion. The company’s shares are divided into 75 billion units, each with a nominal value of Rp50. PT Nusantara Utama Investama, controlled by Happy Hapsoro, remains the largest shareholder, holding 61.06% of the total shares.

YouTube player