🔴 PT Bukit Uluwatu Villa Tbk is trading 7.8% down today on rights issue dilution concerns

PT Bukit Uluwatu Villa Tbk is trading 7.8% down at IDR 770 following sharp volatility linked to the company's massive capital expansion plans.

• The company plans to issue up to 50 billion new shares, which is equivalent to 203.11% of its current paid-up capital.
• The proposed rights issue has triggered significant dilution concerns among investors due to the scale of the new equity issuance relative to existing holdings.