JAKARTA — Fiber optic manufacturer PT Communication Cable Systems Indonesia Tbk. (CCSI) has announced plans to bolster its capital structure through a rights issue. The company aims to issue up to 474.77 million new shares to strengthen its financial position and attract new investment.
CCSI Corporate Secretary Giovano Matindas Sumakul confirmed that the proposed issuance represents approximately 35.61% of the company’s total issued and fully paid-up capital as of the Extraordinary General Meeting of Shareholders (EGMS) announcement. “The company intends to carry out a rights issue by offering up to 474,774,774 shares to existing shareholders, accounting for roughly 35.61% of total shares in circulation,” Giovano stated in an information disclosure on Tuesday, May 12, 2026.
To move forward with this corporate action, management will seek official approval from shareholders during an EGMS scheduled for June 17, 2026. These new shares will have a nominal value of Rp100 each and will be drawn from the company’s portfolio shares. Once issued, they will be listed on the Indonesia Stock Exchange (IDX) in accordance with prevailing regulations and will hold the same rights as existing shares, including eligibility for dividend distributions.
The primary objective of this capital increase is twofold: strengthening the firm’s capital structure and providing an avenue for both domestic and foreign investors to participate in the company’s growth. “By inviting new local and international investors, we aim to enhance the company’s overall performance and create long-term value,” the management explained.
Regarding the allocation of funds, CCSI plans to utilize the net proceeds—following the deduction of issuance costs—to support business expansion and fulfill the working capital requirements of both the company and its subsidiaries. Following the mandate of POJK No. 32/2015, the rights issue is expected to be executed no later than 12 months after receiving the green light from the EGMS.
The company also noted that existing shareholders who choose not to exercise their rights may face a potential ownership dilution ranging from 2.20% to 9.27%.
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Summary
PT Communication Cable Systems Indonesia Tbk. (CCSI) has announced a plan to issue up to 474.77 million new shares, representing 35.61% of its total issued capital. The company will seek shareholder approval during an Extraordinary General Meeting scheduled for June 17, 2026. These new shares will carry a nominal value of Rp100 each and grant the same rights as existing shares, including dividend eligibility.
The primary objectives of this capital increase are to strengthen the company’s financial structure and support business expansion for both the firm and its subsidiaries. By attracting new domestic and international investors, CCSI aims to enhance long-term performance and meet working capital requirements. Shareholders who choose not to exercise their rights should be aware of a potential ownership dilution ranging from 2.20% to 9.27%.
