Photo Description: Cashlez Management on RUPSLB in Jakarta, 21 Februari 2022.

JAKARTA, 22 February 2022 – PT Cashlez Worldwide Indonesia Tbk (CASH) through the Extraordinary General Meeting of Shareholders (EGMS) held on Monday, 21 February 2022, approved the Company’s plan to increase capital with preemptive rights (HMETD) or rights issue.

 

President Director of PT Cashlez Worldwide Indonesia Tbk Suwandi explained, after the approval of the shareholders at the EGMS, the entire rights issue process will be carried out after the Registration Statement has been declared effective by the Financial Services Authority (OJK) in accordance with the applicable laws and regulations.

 

Suwandi added, the funds from the rights issue will be used for the Company’s working capital in business development and merchant acquisitions in order to support the Company’s business activities.

 

“As we know, digital transformation has grown rapidly in line with the acceptance of digitalization which has changed people’s lifestyles, both from the consumer and business perspective. This also encourages the Company to continue to develop its business in presenting the solutions needed, especially for business owners. The Company wants to strengthen its capital structure in order to realize the long-term plan that has been set to develop business activities, the Company’s performance, increase competitiveness in relevant industries and the Company’s inorganic growth in order to develop a national digital payment ecosystem, one of which is through Mergers and Acquisitions (M&A). , said Suwandi.

 

The Company’s Extraordinary General Meeting of Shareholders approved to issue a maximum of 450,000,000 (Four Hundred Fifty Million) shares to be released in this rights issue.

 

“The approval of the shareholders at the EGMS is expected to continue the Company’s long-term plan in strengthening the Company’s capital and business lines, including product, service and feature development; expand the reach of merchant acquisitions, as well as human resource (HR) development.” added Suwandi.

Share : icon icon