Blibli to issue 4 billion new shares to management and staff in private placement

Blibli to issue 4 billion new shares to management and staff in private placement

Blibli warehouse (Photo courtesy of Blibli)

Indonesia-listed PT Global Digital Niaga Tbk—an entity that includes the e-commerce firm Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market—plans to issue 4 billion new shares, amounting to 3.38% of the company, in a private placement.

Edited by: Pramod Mathew