Bukit Uluwatu Villa is trading at IDR 322.00, down 13.44%, amid continued pressure around the rights issue and its ex-rights reference-price adjustment. - The exchange set the theoretical reference price at IDR 520, adjusted from the IDR 590 October 13 cum-rights close. New shares are offered at IDR 250 each. - The price context indicates a steeper fall than the initial reference adjustment alone. No separate October 21 company announcement explaining the additional weakness was identified.