JAKARTA (TheInsiderStories) – Three issuers under the MNC Group plans to find strategic partners through the private placement scheme in the second semester of 2020. The three will seek approval from the shareholders in August and is estimating to raises around Rp750 billion (US$52.45 million).
Based on the prospectus published on Monday (07/13), the issuers are PT MNC Investama Tbk (IDX: BHIT), PT Global Mediacom Tbk (IDX: BMTR), and PT MNC Studios International Tbk (IDX: MSIN). 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.
It is said, MNC Investama will issue as many as 6.77 billion shares or 10 percent of all shares fully paid up capital as of June 30, 2020. 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’s performance,” writes management.
MNC Investama‘ current shareholders are HT Investment Development Ltd 19.54% percent, Caravaggio Holdings Limited 12.28 percent, New Ascend 11.08 percent, PT Bhakti Panjiwira 7.77 percent, public investors 48.81 percent.
Then, MNC Studios International plans to add as many as 520.20 million shares to the company or 10 percent of the total issued and fully paid shares in the company as of December 31, 2019. The company currently has a stock price of Rp250 per share. With this price reference, the estimated value of this private placement is around Rp130 billion.
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 holding company owned by Hary Tanoesoedibjo will ask the approval from their shareholders on August 11, to smooth out the planned. The company’ shares were last traded at Rp188 per share. Its estimated, the company will reap Rp288 billion from this corporate action.
Global Medicom is the parent company or controlling shareholder of the company PT Media Nusantara Citra Tbk (IDX: MNCN) 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.
Previously, property owned by Tanoesoedibjo, PT MNC Land Tbk (IDX: KPIG) planned to hold a Capital Increase without Pre-emptive Rights (PMTHMETD), with a target of new shares to be issued to reach 8.06 billion shares or represent 10 percent of all shares that have been issued and fully paid.
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