MSIN will conduct rights issue
JAKARTA - PT MNC Studios International Tbk (MSIN) will conduct rights issue and release 520.20 million shares at a nominal price of Rp 100 per share. This corporate action plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS), which will take place on 29 July 2020.
As quoted from the company's disclosure published on Tuesday (23/6), the funds obtained from the rights issue will be used to increase the company's capital structure, support productivity, and improve service quality.
At present, the shareholders of the company are PT Media Nusantara Citra Tbk.(70%), PT Infokom Elektrindo (0.00% ), and the public (29.99%). (LK/AR)