🔴 Cakra Buana Energi is trading 10% down as shares trade without rights entitlements

Cakra Buana Energi is trading at IDR 442, with a -9.80% move; the rights issue is the clearest identified catalyst.

• Shares began trading without rights entitlements on November 3; new shares are offered at IDR 108 in a 100:260 ratio.
• Rights trading and exercise run November 6–12. The decline extends a sharp fall in recent closes, but available reporting does not establish a separate November 5 announcement as the cause.