PT Bukit Uluwatu Villa Tbk is trading 9.9% up at IDR 835 following the announcement of a massive share issuance plan to strengthen its capital position.
- The company plans to issue up to 50 billion shares, representing approximately 203.11% of its current paid-up capital.
- The price surge followed a sharp rise in early session II, appearing to be driven by the financing news and general retail enthusiasm surrounding the property sector.