Yarn maker Evergreen targets to raise $2.2b via rights issue, Indonesia's biggest in 5 years

Yarn maker Evergreen targets to raise $2.2b via rights issue, Indonesia's biggest in 5 years

Indonesian yarn and cotton manufacturer PT Evergreen Invesco Tbk (GREN) is planning to offer 150 billion new shares in what could be the biggest rights issue in the country in the last five years, targeting to raise Rp 30 trillion ($2.2 billion).

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