Indonesia's Rimo cuts rights issue size; to raise $531m to fund Hokindo buy

Indonesia's Rimo cuts rights issue size; to raise $531m to fund Hokindo buy

Listed department store operator PT Rimo International Lestari Tbk [RIMO] has reduced its rights issue size from Rp 8.1 trillion to around Rp7.5 trillion ($531 million) citing declining market conditions.

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