🔴 Bukit Uluwatu Villa is trading 13.29% down as rights issue weighs on shares

Bukit Uluwatu Villa is trading at IDR 300.00, down 13.29%, amid pressure linked to its ongoing rights issue.

• On October 22, IDXChannel reported a 6.94% decline to IDR 322 alongside a surge in selling volume, and said the bearish trend had strengthened after support at IDR 550 broke.
• The company is offering 6.15 billion shares at IDR 250 each; the exchange adjusted the theoretical reference price to IDR 520.
• The rights issue’s trading and exercise period runs October 19–30.