TBS Energi Utama is trading at IDR 535.00, down 5.31%, after news of a potential rights issue involving up to 1.39 billion new shares.
- Proceeds would support expansion in waste management, renewable energy, and electric vehicles.
- The potential issuance is raising dilution concerns for existing shareholders.
- Indonesia’s broader market weakened on August 26, with the energy sector down 1.45%, adding pressure to the stock.