JAKARTA (TheInsiderStories) - The company owned by Hary Tanoesudibjo, PT MNC Studios International Tbk (IDX: MSIN), plans to conduct stock split and will increases the capital via private placement scheme. Since July, the tycoon has announced to seek a strategic partners for three companies under the MNC Group to raises around Rp750 billion (US$51.02 million).
Beside, MNC Studios, other companies run the same program are investment firm, PT MNC Investama Tbk (IDX: BHIT) and media company, PT Global Mediacom Tbk (IDX: BMTR). It said, funds from the issuance of new shares will be used to strengthen the capital structure and to adds the number of shares outstanding in the market.
The subsidiary of PT Media Nusantara Citra Tbk (IDX: MNCN) has announced to split the share value from Rp100 to Rp50 a unit and offered 3 percent of total issued and paid up capital through a rights issue program. The approval of these corporate actions its expecting hold on Nov. 13, 2020.
While, MNC Investama will issue as many as 6.77 billion shares or 10 percent of all shares fully paid up capital. Referring to the share price until last week worth of Rp50 per share, this investment firm is expected to earned funds of around Rp339 billion.
“The company can invite strategic investors who are interested in investing their capital in the company in order to provide added value to the company financial performance,” writes management.
MNC Investama‘ current shareholders are HT Investment Development Ltd 19.54 percent percent, Caravaggio Holdings Limited 12.28 percent, New Ascend 11.08 percent, PT Bhakti Panjiwira 7.77 percent, public investors 48.81 percent.
In addition, Global Mediacom also plans to increase capital through the same scheme. The company plans to issue as many as 1.53 billion new shares or 10 percent of the total issued and fully paid shares. The media holding company’ share were last traded at Rp188 per share. Its estimated, the company will reap Rp288 billion from this corporate action.
The issuer is the parent company or controlling shareholder of Media Nusantara Citra as much as 57 percent. The Company is the holding company of MNC Group media companies such as RCTI, Global TV, Inews, Sindonews, Trijaya FM and others.
MNC Studios is engaged in the media industry, particularly in the fields of production house, advertising and talent management.
US$1: Rp14,700
Written by Editorial Staff, Email: theinsiderstories@gmail.com
