• PT Bukit Uluwatu Villa Tbk (BUVA) is trading 9.1% down today at IDR 800 following the announcement of an update to its rights issue plan.
  • The company plans to issue new shares to raise Rp 1.5 trillion at an exercise price of Rp 250 per share, potentially diluting ownership by up to 20%.
  • Funds from the rights issue are intended for acquisitions, debt repayment, and development projects in Bali and Bintan.