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WSBP Continues to Comply with Homologation: Prepares IDR 75 Billion CFADS Payment and Private Placement Phase 2

Diposting pada 28 Agustus 2024 oleh admin / Dilihat: 0 kali

Jakarta (ANTARA) – PT Waskita Beton Precast Tbk (stock code: WSBP) upholds its mandate of compliance in carrying out homologation through payments to creditors with CFADS stage 4 and the implementation of Private Placement stage 2. This corporate action is part of the company’s efforts to fulfill debt restructuring obligations that have been agreed upon with creditors in the Peace Agreement.

WSBP stated its readiness to fulfill the stage 4 creditor payment obligations. This payment obligation is carried out through Cash Flow Available for Debt Services (CFADS) on September 25, 2024.

“We have prepared payment to creditors with CFADS phase 4 with a minimum value of IDR 75 billion. With this payment, WSBP shows its consistency in complying with the hologram like the previous 3 stages as authorized and agreed with creditors,” said Fandy Dewanto, VP Corporate Secretary WSBP.

WSBP is consistent in fulfilling its payment obligations. Under Erick Thohir’s leadership, WSBP has not only succeeded in completing the financial restructuring process through homologation, but also in carrying out its payment commitments to all creditors in a timely manner. To date, WSBP has paid 3

CFADS tranche totaling Rp236.27 billion on time. This shows the company’s commitment to consistently fulfill all obligations to creditors.

The source of funds for creditor payments with CFADS stage 4 comes from operating profits and auctions of disposed assets. With this step, WSBP is optimistic that it can maintain the trust of shareholders, creditors, and suppliers and support the sustainability of the company’s business in the future.

WSBP will also carry out Limited Public Offering II (Private Placement) Phase II by issuing 350.78 million common shares as a continuation of the implementation of the Tranche D scheme of the Peace Agreement. The Company has set the implementation date for Limited Public Offering II (Private Placement) Phase II and the listing of shares resulting from the corporate action on September 3, 2024. Then the effective date for listing shares resulting from Limited Public Offering II (Private Placement) is September 4, 2024. Notification of the results of the Limited Public Offering (Private Placement) will be made on September 5, 2024.

“This Phase 2 Private Placement is an important step in WSBP’s efforts to strengthen its capital structure and demonstrate our commitment to consistent homologation,” Fandy added.

With the issuance of additional shares, the Company’s issued and paid-up capital will increase from 54.55 billion shares to 54.91 billion shares.

WSBP always implements Good Corporate Governance Principles and solid risk management in every strategic step. With the payment to creditors through CFADS phase 4 and Private Placement phase 2, WSBP has not only fulfilled its obligations in accordance with the Settlement Agreement but also demonstrated its determination to maintain the trust of shareholders, creditors, and partners.

Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2024

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WSBP Continues to Comply with Homologation: Prepares IDR 75 Billion CFADS Payment and Private Placement Phase 2

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WSBP Continues to Comply with Homologation: Prepares IDR 75 Billion CFADS Payment and Private Placement Phase 2

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