The Instant Impact of Bakrie Group's Debt Conversion into DEWA Shares

PT Darma Henwa Tbk. (DEWA)'s debt conversion initiative is seen as a positive move by the market.

Bisnis, JAKARTA — Several analysts view the debt conversion maneuver through a private placement by PT Darma Henwa Tbk. (DEWA) positively. Market enthusiasm was evident on the stock exchange, accompanied by the strengthening of shares in the Bakrie Group mining contractor. However, the issuance of new shares this time carries the potential for significant dilution for existing shareholders.

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