Executive Summary

Key insights and market outlook

PT Abadi Nusantara Hijau Investama Tbk (PACK) has received approval from the Financial Services Authority (OJK) to conduct a rights issue of 32.58 billion Convertible Bonds (OWK) with a nominal value of Rp10 each ¹

². Existing shareholders will receive 102 HMETD for every 5 shares held, with each HMETD giving the right to purchase one OWK at Rp100 ¹. The company aims to raise Rp3.26 trillion to fund its subsidiaries through capital injection and loans ².

Full Analysis

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Deep Dive Analysis

Abadi Nusantara (PACK) to Raise Rp3.26T through Rights Issue of Convertible Bonds

Background and Approval

PT Abadi Nusantara Hijau Investama Tbk (PACK), a mineral trading company listed on the Indonesia Stock Exchange, has obtained the green light from the Financial Services Authority (OJK) to conduct its first rights issue ²

. The approval was granted on December 31, 2025, as disclosed in the company's information memorandum dated January 5, 2026 ¹.

Details of the Rights Issue

The rights issue involves offering a maximum of 32.58 billion Convertible Bonds (OWK), each with a nominal value of Rp10 ¹

. Existing shareholders will be entitled to 102 HMETD for every 5 shares held as of January 13, 2026 ². Each HMETD gives the holder the right to purchase one OWK at an exercise price of Rp100. The OWK will be convertible into shares at a conversion price of Rp100 per share, with the conversion period ending on December 17, 2026 ¹.

Fund Allocation

The rights issue is expected to raise Rp3.26 trillion, with 86.93% of the proceeds earmarked for capital injection and loans to subsidiaries, specifically APR and SCR, for payment purposes ²

. This strategic move is aimed at strengthening the company's financial position and supporting its business operations.