Garuda Indonesia seeks approval to issue up to 124.4 bn new Series E shares
Based on · First reported
Sources
- Garuda Indonesia will ask shareholders to vote on a proposal on 6 November 2026 to issue up to 124.4 billion new Series E shares through a rights issue.
- Danantara Asset Management plans to subscribe by contributing an 82.1 billion‑share, 65.8% stake in GMF AeroAsia, which it has not yet received from InJourney Airports; public shareholders can exercise their rights in cash, with remaining proceeds earmarked for working capital; the exercise price has not been announced and the transaction follows InJourney Airports' earlier land contribution to GMF AeroAsia.
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