Indonesian Companies Accelerate Rights Issues in Late 2025

Capital Raising for Strategic Projects

As the year 2025 comes to a close, several Indonesian listed companies are actively pursuing rights issues to raise capital for various strategic projects. One notable example is PT Cahayasakti Investindo Sukses Tbk (CSIS), which is planning a significant rights issue.

CSIS Rights Issue Details

CSIS intends to issue up to 522.8 million new shares at an exercise price of Rp 380 per share. This offering represents 28.57% of its paid-up capital. If fully subscribed, the company could raise up to Rp 198.66 billion. The majority of these funds will be directed towards the development of the Cikembar Industrial Estate through its subsidiary, PT Bogorindo Cemerlang.

Standby Buyers and Market Support

The rights issue has garnered support from two standby buyers: PT Andalan Utama Bintara (AUB) and PT Olympic Kapital Equity (OKE). Their participation provides assurance that the offering will be fully subscribed, adding stability to the capital-raising exercise.

Market Context and Implications

The decision by CSIS to proceed with a rights issue reflects the company's growth strategy and confidence in its industrial development projects. This move is also indicative of broader trends in the Indonesian capital markets, where companies are increasingly using rights issues as a tool for raising funds without significantly diluting existing shareholder value.