Jakarta – Property developer PT Pantai Indah Kapuk Dua Tbk (PANI),backed by the Salim Group and Aguan,has delayed a notable capital raise,potentially impacting its expansion plans. The company announced Monday a postponement of its IDR 16.7 trillion (USD $1.06 billion) rights issue,citing pending regulatory approval from the Indonesian Financial Services Authority (OJK). This move comes after earlier market speculation regarding the rights issue was clarified by the company in July [[1]].
IDXChannel – PT Pantai Indah Kapuk Dua Tbk (PANI), a property developer backed by Indonesian conglomerate Salim Group and businessman Aguan, has announced a postponement of its IDR 16.7 trillion (approximately USD $1.06 billion) rights issue.
The delay is due to the company’s pending receipt of a Statement of Effectiveness from the Indonesian Financial Services Authority (OJK) regarding its Public Offering of Shares III (PMHMETD III) registration statement. The rights issue is a key component of the company’s capital-raising strategy, and the postponement reflects the regulatory approval process.
“As a result, all stages and dates for the implementation of PMHMETD III previously planned will be adjusted once the Company receives the aforementioned Statement of Effectiveness,” stated PANI Corporate Secretary Christy Grassela in a filing with the Indonesia Stock Exchange on Monday, November 24, 2025.
Grassela added that the company will announce a revised schedule for the rights issue as soon as further developments occur. The company indicated that the schedule change is not expected to impact its operational activities, legal standing, financial condition, or business continuity.
“As of today, the company does not have any additional information to disclose,” Grassela concluded.
