🟢 Cakra Buana Energi is trading 12% up today after announcing potential IDR 1.27 trillion rights issue

Cakra Buana Energi is trading at IDR 795.00 (+11.97%) after announcing a potential rights issue that could raise IDR 1.27 trillion.

• The proposed offering covers up to 11.80 billion new shares, priced at IDR 108 each.
• The capital raise is intended to relieve balance-sheet pressure and support the company’s next phase.
• The issue could materially reshape the capital structure and create substantial dilution; trading activity appears elevated as the stock extends its advance from IDR 710.00 on August 31.