PT Megalestari Epack Sentosaraya

Indonesia's Epack Sentosaraya plans rights issue and share buyback

PT Megalestari Epack Sentosaraya Tbk (EPAC), an Indonesian flexible plastic packaging manufacturer, is preparing a rights issue of up to 2 billion new shares alongside a share buyback of up to Rp20 billion, covering as much as 10 percent of paid-in capital. Shareholders must approve both at an extraordinary general meeting scheduled for early November 2026, with rights-issue proceeds earmarked for capex, bank debt repayment and working capital. The announcement coincided with a 13.95 percent drop in EPAC shares to Rp37, valuing the company at Rp122.23 billion.

Why this mattersA dual capital raise and buyback signals the company is bolstering its balance sheet and liquidity to fund expansion while cutting bank debt.

• EPAC plans to issue up to 2 billion new shares via a rights offering.
• A share buyback of up to Rp20 billion is planned, covering up to 10 percent of paid-in capital.
• The buyback would run over up to 12 months once approved.
• An extraordinary shareholder meeting is scheduled for early November 2026 to approve both actions.
• Rights-issue proceeds are earmarked for capex, bank debt repayment and working capital.
• EPAC shares fell 13.95 percent to Rp37, giving a market capitalisation of Rp122.23 billion.

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