Bukit Uluwatu Villa (BUVA) raises Rp1.53 trillion, hundreds of billions for Uluwatu projects
The listed property and hotel company is earmarking funds for a new resort on a 3.9-hectare site and for Uluwatu Estate infrastructure.
PT Bukit Uluwatu Villa Tbk (BUVA), a property and hotel company listed on the Indonesia Stock Exchange, is running a rights issue worth about Rp1.53 trillion, offering up to 6.15 billion new shares at Rp250 each.
Planned use of funds in Bali
- Rp426.3 billion to PT Bukit Bali Permai, to acquire PT Royal Uluwatu Residence (Rp199.3 billion) and inject capital (Rp227.1 billion) to develop a roughly 3.9-hectare site in Uluwatu. The "West Resort" project is targeted for completion in Q4 2029.
- Rp390.3 billion to PT Bukit Permai Properti for Uluwatu Estate infrastructure such as roads, an art gallery, a natural park and sports facilities, targeted for Q4 2028.
- Rp150 billion for a full renovation of Alila Ubud, targeted for Q4 2028.
The rest goes to repaying a Bank Mandiri loan (Rp417.8 billion) and to infrastructure at an integrated resort in Lagoi, Bintan (Rp150 billion).
Why it matters
Large resort and infrastructure projects by a listed company show institutional capital is still flowing into Uluwatu. Areas around projects like this usually draw more investor attention.
News summary, not a stock recommendation or investment advice.