JAKARTA (TheInsiderStories) - The management of PT Elang Mahkota Teknologi Tbk (IDX: EMTK) denied that the electronic money, DANA, will merge with OVO, the digital payment owned by Lippo Group and Grab Holding Inc., after H Holding Inc., became their shareholder. The buyer is the financial armed owned by Malays’ supper-apps.
“So far, the news of the merger between DANA and OVO is only speculation and the investment made by H Holding in the company has nothing to do with the news of the merger of the two payment companies,” wrote the management in a public announcement released on Monday (04/19).
According to the spokeswoman, Titi Maria Rusli, based on information received by her office, H Holdings is an affiliate company of Grab, one of an investor who has subscribed for the new shares issued by EMTEK through private placement scheme on March 31. Indirectly, Grab hold 4.6 percent of the company shares.
On April 5, EMTEK announced has raised Rp9.3 trillion from the rights issue program after released 4.75 billion shares with an exercise price of Rp1,954 a unit. Beside Grab, other buyer was NAVER Corp., a South Korea’ web search engine. The two’ ownerships representing around 8.4 percent of the company’ stake.
Beside both parties, the parent company of national television, SCTV and Indosiar television stations, also getting other new investors such as PT Asuransi Allianz Life Indonesia, PT Ashmore Asset Management Indonesia Tbk (IDX: AMOR), PT Manulife Aset Manajemen Indonesia, PT Batavia Prosperindo Aset Manajemen, PT Elbara Perkasa, and PT Syailendra Capital.
Currently, EMTEK became a standby buyer in a limited public offering of PT Sarana Meditama Metropolitan Tbk (IDX: SAME) rights issue. While, the the operator of Omni Hospitals also seeking funds from the rights issue amounting to Rp1.19 trillion by offered 5.99 billion units or equivalent to 50.42 percent of the issued and fully paid-up capital.
Based on the prospectus submitted on March 4, the rights issue’ price was Rp200 a share. Each 10,000 shares-holder is entitled to 10,169 new shares and have right to purchase one new share. EMTEK has released 5.50 billion shares or equivalent to 9.75 percent of the total issued and fully paid capital and will uses for investment purposes and to liquid the stock trading in the capital market.
EMTEK is a media group and run two television stations through the publicly listed firm, PT Surya Citra Media Tbk (IDX: SCMA). The shareholders of EMTEK are Eddy K. Sariaatmadja 24.90 percent, PT Adikarsa Sarana 11.53 percent, and Susanto Suwarto 12.61 percent.
Then, Piet Yaury 8.84 percent, Northern Trust Company S/A Archipelago Investment Pte. Ltd., 8.06 percent, PT Prima Visualindo 8.14 percent, Fofo Sariatmadja 5.38 percent, also public 18.05 percent.
Written by Editorial Staff, Email: theinsiderstories@gmail.com
