PT WGS Ventures Tbk (WGSH) has officially prepared to conduct a corporate action in the form of a Capital Increase Without Pre-emptive Rights (PMTHMETD) or a private placement action. The issuer is committed to releasing up to 208.5 million new shares to inject working capital and finance the company's strategic business expansion.
This tactical move previously obtained approval from shareholders in the Extraordinary General Meeting of Shareholders (EGMS) held on June 19, 2026. WGSH management has a deadline to execute the transaction until June 19, 2028, where the execution of the new shares will be realized in stages with a minimum value of Rp500 million per stage. The exercise price will be set based on the closing price before the transaction day, with a minimum limit of 90 percent of the average closing price over 25 consecutive trading days.
The majority of the fresh funds from this corporate action, amounting to approximately Rp20 billion, will be allocated as operational working capital. The funds will be focused on procuring raw materials of shredded Polyethylene Terephthalate (PET) plastic with a target volume of 1,500 tons per month to meet the current high market demand.
In addition, WGSH has also allocated Rp2.5 billion to finalize the prototype of the "Lungpat" application, a startup platform designed to integrate local scavengers directly into the company's supply chain network. Meanwhile, the remaining Rp2.5 billion will be used to modernize processing machinery to meet export standards while boosting the factory's operational efficiency.
