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01 March 2016
A new regulation on rights issues – Regulation 32/POJK.04/2015 on Increase of Capital with Pre-emptive Rights – was passed in December 2015 by the Financial Services Authority (OJK). It replaces and revokes Bapepam-LK Rule IX.D.1, which was promulgated by Bapepam Chairman Decision-LK Kep-26/PM/2003 on Pre-emptive Rights.
The new regulation introduces the following key changes:
Evidently, the new regulation is intended to provide investors with more flexibility and ease when conducting rights issues.
For further information on this topic please contact Elsie Hakim or Novario Asca Hutagalung at Ali Budiardjo, Nugroho, Reksodiputro by telephone (+62 21 250 5125) or email (firstname.lastname@example.org or email@example.com). The Ali Budiardjo, Nugroho, Reksodiputro website can be accessed at www.abnrlaw.com.
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