TBS Energi Utama is trading 5.61% up at IDR 565.00 amid renewed attention to its proposed issuance of up to 1.39 billion new shares.
- Proceeds are intended to fund expansion in waste management, renewable energy, and electric vehicles.
- Planned shares represent 16.83% of paid-up capital, raising dilution concerns.
- Shares rose 7.55% on August 21 and 3.92% on August 20; no reliable volume data was provided.