JAKARTA (TheInsiderStories) – The company owned by Sariatmadja family, PT Elang Mahkota Teknologi Tbk (IDX: EMTK), hold a mandatory tender offer for the public investors after acquired the Omni Hospital’ unit, PT Sarana Meditama Metropolitan Tbk (IDX: SAME). The issuer plans to buy a maximum of 1.65 billion of shares or 28.12 percent starting Jan. 18 – Feb.16 of the new unit.
Based on the company prospectus released on Friday (01/15), total value of the program could reached Rp248.85 billion (US$17.78 million). The company has appointed PT Mandiri Sekuritas to facilitates the tender offer program.
On Oct. 16, 2020, the firm also called EMTEK had acquired 4.24 billion (71.88 percent) shares of PT Omni Health Care from Sarana Meditama, the manager of OMNI Hospitals, at Rp137 a share or in total Rp581.02 billion. The tender offer price set at Rp150 per unit.
After this transaction, its estimated that the ownership of the media company will increase to 86.06 percent from initially 71.88 percent and public’ ownerships decreased to 13.94 percent. The holding company was founded in 1983 and managed the television station SCTV and Indosiar, tech firm Dana, as well as e-commerce Bukalapak.
Last year, the Omni Hospital managers, seeking funds around Rp2 trillion from rights issue program. All the new shares will absorbs by the conglomeration firm, PT Elang Medika Corpora, a unit of EMTEK with acquisition values of Rp1.25 trillion. 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. .
While, EMTEK, through the publicly listed firm, PT Surya Citra Media Tbk (IDX: SCMA) 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 been carried 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. The unit of EMTEK 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.
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