INET Receives OJK Approval for Jumbo Rights Issue

Regulatory Green Light Amid Schedule Delay

PT Sinergi Inti Andalan Prima Tbk (INET) has obtained the necessary approval from the Financial Services Authority (OJK) to proceed with its planned rights issue. The OJK issued an Effective Statement on December 22, 2025, granting INET the green light to move forward with the capital increase through the Preemptive Rights Offering (PMHMETD) I.

Rights Issue Details Remain Unchanged

Despite the delay in receiving the OJK's approval - which was initially expected by November 17, 2025 - the structure of the rights issue remains intact. INET is set to issue 12.8 billion new shares to existing shareholders. Additionally, the company will issue 3.2 billion Series II Warrants that will accompany the new shares issued through the rights issue.

Implications of the Delayed Approval

The delay in obtaining the OJK's approval could potentially impact investor sentiment and the company's cash flow projections. However, INET's management appears committed to executing the rights issue as planned, indicating confidence in the capital-raising exercise. The successful execution of this jumbo rights issue will be crucial for INET's future growth and financial restructuring plans.