🔴 Bukit Uluwatu Villa is trading 7% down today after rights-issue adjustment

Bukit Uluwatu Villa is trading 7% down at IDR 346.00 on October 20 amid continued pressure around the rights issue.

• The exchange set a theoretical reference price of IDR 520, adjusted from the IDR 590 October 13 cum-rights close; the stock fell from IDR 520 on October 14 to IDR 346.00.
• The rights issue offers new shares at IDR 250 each, with a 4:1 entitlement ratio. The price history showed declines of 7.00% on October 19 and 14.89% on October 16.