JAKARTA — PT Communication Cable Systems Indonesia Tbk. (CCSI), a prominent domestic manufacturer of fiber optic cables, has officially announced plans to strengthen its capital structure through a rights issue. The company intends to issue up to 474.77 million new shares to fuel business expansion and support operational growth.
According to CCSI Corporate Secretary Giovano Matindas Sumakul, the proposed offering represents approximately 35.61% of the company’s total issued and fully paid-up capital as of the Extraordinary General Meeting of Shareholders (EGMS) announcement. “The company plans to execute a rights issue by offering up to 474,774,774 new shares to our existing shareholders,” Giovano stated in an official disclosure dated Tuesday, May 12, 2026.
Strategic Growth and Shareholder Approval
The company is seeking formal approval from its shareholders for this corporate action, with the EGMS scheduled to take place on June 17, 2026. Each new share carries a nominal value of Rp100 and will be drawn from the company’s authorized portfolio. Once issued, these shares will be listed on the Indonesia Stock Exchange (IDX) and will carry the same rights as existing shares, including eligibility for future dividends.
Management emphasized that this capital injection is designed to reinforce the company’s financial foundation. By increasing capital, CCSI aims to attract a broader range of both domestic and international investors, ultimately driving long-term value for the organization. “Strengthening our capital structure allows us to welcome new investment partners, which will provide significant value to the company’s performance,” management noted.
Use of Proceeds and Potential Dilution
Regarding the allocation of funds, CCSI plans to utilize the net proceeds—after deducting issuance costs—to bolster its business development initiatives and provide working capital for the company and its subsidiaries. Following the mandate of POJK No. 32/2015, the execution of the rights issue is slated to occur no later than 12 months after receiving approval from the EGMS.
Existing shareholders who choose not to exercise their subscription rights should be aware of a potential dilution in their ownership stakes, estimated to range between 2.20% and 9.27%. Investors are encouraged to review the company’s latest filings for further updates as the transition toward the June EGMS progresses.
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Summary
PT Communication Cable Systems Indonesia Tbk. (CCSI) has announced plans to issue up to 474.77 million new shares through a rights offering, representing approximately 35.61% of its current paid-up capital. This corporate action is intended to strengthen the company’s financial structure, fuel business expansion, and provide necessary working capital. The company will seek formal shareholder approval during an Extraordinary General Meeting of Shareholders (EGMS) scheduled for June 17, 2026.
The new shares will carry the same rights as existing equity and are expected to attract both domestic and international investment partners. Existing shareholders who decline to exercise their subscription rights may face ownership dilution ranging from 2.20% to 9.27%. Management plans to execute the issuance within 12 months following shareholder approval, with all proceeds directed toward supporting long-term growth and operational performance.