JAKARTA (TheInsiderStories) – The Omni Hospital managers, PT Sarana Meditama Metropolitan Tbk (IDX: SAME) seeking funds around Rp2 trillion (US$141.83 million) from rights issue. All the new shares will absorbs by the conglomeration firm, PT Elang Medika Corpora (EMC), a firm owned by Sariatmadja family through PT Elang Mahkota Teknologi Tbk (IDX: EMTK), also known EMTEK.
The acquisition values of the assets amounting to Rp1.25 trillion (US$88.65 million) through a rights issue scheme. The number of shares that will be taken over by the operator is 1.25 million shares or 99.99 percent of the paid-up capital and issued shares of EMC.
Sarana Meditama will launch the corporate action after obtaining the blessing from the shareholders on Nov. 24. In June of 2020, the management of Omni Hospitals announced that the company’ businesses has hit by the pandemic.
While, EMTEK is a media group and run two television station, SCTV and Indosiar, through the uni, publicly listed firm, PT Surya Citra Media Tbk (IDX: SCMA). Currently, the television provider plans to buyback shares up to 20 percent of enlarged and paid up capital. For the program, the issuer prepared funds Rp1.3 trillion and had beencarried out since Sept. 9 to Dec. 8, 2020.
Last year, one of the larges media in Indonesia has acquired 99 percent of PT Vidio Dot Com shares with values of Rp104 billion from PT Mediatama Anugrah Citra. The provider is a video streaming service that also provides sports, music, entertainment and film content services.
Then, bought 51 percent at PT Kapanlagi Dot Com Network for Rp174.7 billion. The company oversees several online media such as liputan6.com, merdeka.com, kapanlagi.com, fimela.com, bola.com,bola.net, brilio, otosia.com, and dream.co.id.
The issuer also acquired 99 percent of PT Binary Ventura Indonesia shares which owns 60 percent ownerships in PT Estha Yudha Ekatama and 50 percent stake in PT Samara Media Entertainment. Estha Yudha Ekatama owns space ads and Samara Media Entertainment has a film studio business, marketing influencer, event promoter and e-sports with a value of Rp45.45 billion.
In the first half of this year, Emtek earned Rp2.36 trillion in revenues, dropped 14.49 percent compared to 2019 worth of Rp2.76 trillion. The net profit also fell 23.20 percent from Rp782.48 billion to Rp600.91 billion. In details, revenues from advertising Rp2.71 trillion or a 12.58 percent decreased compared to last year worth of Rp3.10 trillion and other income also fell from Rp281.14 billion to Rp175.87.
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