JAKARTA – PT Cakra Buana Resources Energi Tbk. (CBRE), a prominent shipping services issuer, has unveiled plans for a significant capital increase through a Rights Issue (Penambahan Modal dengan Memberikan Hak Memesan Efek Terlebih Dahulu – PMHMETD). The company aims to issue a maximum of 48 billion new shares, a strategic move poised to reshape its financial landscape. This substantial corporate action requires the explicit approval of shareholders, which will be sought at an Extraordinary General Meeting of Shareholders (EGMS) scheduled for December 18, 2025.
According to a disclosure published by CBRE on Monday, November 10, 2025, the new shares will carry a nominal value of Rp25 per share. The overarching objectives behind this ambitious rights issue are manifold: to robustly strengthen the company’s capital structure, attract new investors, and significantly enhance its overall financial position. This initiative underscores CBRE’s commitment to long-term stability and growth within the competitive shipping sector.
CBRE management has outlined a clear strategy for the utilization of the proceeds. After deducting emission costs, the funds generated from the rights issue will be allocated towards several critical areas. These include partially settling existing third-party debts, bolstering working capital for operational fluidity, and funding crucial capital expenditures (CapEx) specifically for expanding its vessel fleet. “The PMHMETD is expected to fortify our capital structure and open avenues for greater investor participation, thereby adding substantial value to the company’s performance,” management stated in the official disclosure, emphasizing the transformative potential of this financial maneuver.
A particularly notable aspect of this rights issue involves a pivotal debt-to-equity swap mechanism. CBRE intends to convert a portion of its outstanding debts into new shares, further streamlining its liabilities. Based on the interim financial report as of October 31, 2025, four distinct promissory note agreements form the bedrock for this conversion. These include obligations to:
- Hilong Shipping Holding Limited, valued at US$25 million,
- Yafin Tandiono Tan, amounting to US$11 million,
- PT Saga Investama Sedaya, totaling US$12.5 million, and
- PT Superkrane Mitra Utama Tbk., for US$6.5 million.
Significantly, CBRE management confirmed that on November 10, 2025, the company received formal conversion notices from all four creditors, affirming their keen interest in exchanging their respective loans for new shares as part of the upcoming rights issue.
Ahead of the highly anticipated rights issue, CBRE has meticulously scheduled several key stages. The EGMS Announcement was made on November 10, 2025, followed by the formal EGMS Call on November 25, 2025. The Determination of Shareholders Entitled to Attend (DPS) is slated for November 24, 2025, culminating in the EGMS Execution on December 18, 2025. This structured timeline ensures transparency and adherence to regulatory processes.
The actual implementation of the rights issue remains contingent upon obtaining an effective statement from the Financial Services Authority (OJK). Once approved, the issuance is projected to take place within a maximum period of 12 months following the approval at the EGMS. Further details regarding the final number of new shares, the precise exercise price, and the comprehensive rights distribution will be meticulously disclosed in the forthcoming PMHMETD prospectus, providing investors with all necessary information to make informed decisions.
Disclaimer: This news article is not intended as an invitation to buy or sell shares. Investment decisions rest solely with the reader. Bisnis.com bears no responsibility for any losses or gains arising from readers’ investment choices.
Summary
PT Cakra Buana Resources Energi Tbk. (CBRE) plans a significant capital increase through a Rights Issue, proposing to issue up to 48 billion new shares with a nominal value of Rp25 each. This strategic move aims to strengthen the company’s capital structure, attract new investors, and enhance its overall financial position. Shareholders’ explicit approval for this action will be sought at an Extraordinary General Meeting of Shareholders (EGMS) scheduled for December 18, 2025.
The proceeds from the rights issue will be allocated towards partially settling existing third-party debts, bolstering working capital, and funding capital expenditures for expanding its vessel fleet. A notable component includes converting portions of outstanding debts from four creditors, including Hilong Shipping Holding Limited, into new shares. The implementation of this rights issue is contingent upon obtaining an effective statement from the Financial Services Authority (OJK).