Nusantara Hijau Investama is trading at IDR 334.00, up 7.05%; no verified catalyst for the November 2 move has been identified.
- Recent coverage describes a proposed rights issue of up to US$463 million to fund acquisitions, debt repayment, and working capital.
- Shareholder approval is scheduled for November 30. Earlier reports do not establish a direct reason for the November 2 price change.