Cahayasakti Investindo Receives OJK Approval for Rights Issue

Background and Approval Details

PT Cahayasakti Investindo Sukses Tbk (CSIS) has successfully obtained effectivity approval from the Financial Services Authority (OJK) on December 11, 2025, for its planned rights issue worth Rp 198.66 billion. The approval comes after initial delays in obtaining regulatory clearance, despite receiving shareholder approval during the Extraordinary General Meeting on January 9, 2025.

Rights Issue Structure

The planned rights issue will involve the issuance of 522.8 million new shares, representing 28.57% of the company's post-issue paid-up capital. The shares will be offered at a price of Rp 380 per share, resulting in total proceeds of Rp 198.66 billion. The transaction is structured as a Preemptive Rights Issue (PMHMETD I), giving existing shareholders priority in purchasing the new shares.

Market Reaction

Following the news of OJK approval, CSIS's stock price showed positive movement, increasing by 2.8% to Rp 440 per share on December 12, 2025. This market reaction indicates investor confidence in the company's capital management plans and future prospects.

Financial Implications

The successful execution of this rights issue is expected to significantly enhance Cahayasakti Investindo's financial position by injecting fresh capital into the business. The additional funds will likely be allocated towards strategic investments, debt management, or operational expansion, potentially strengthening the company's market standing in the industry.