Bukit Uluwatu Villa is trading 6.9% down at IDR 322.00, amid continued pressure around its rights issue.
- The exchange adjusted its theoretical reference price to IDR 520 for October 14, from the October 13 cum-rights close of IDR 590.
- The company is offering 6,154,263,660 shares at IDR 250 each, with a 4-for-1 entitlement. Rights trading and exercise run from October 19 to 30.
- Available reporting does not establish a separate new October 22 announcement as the direct cause.