JAKARTA - PT MNC Sky Vision Tbk (MSKY) plans to conduct a private placement and issue 906,532,036 shares, 10% of the company's issued and paid-up capital. The standby buyer for the shares is PT MNC Vision Network.
Based on the disclosure of company information, the funds from the private placement will be used to strengthen the company's capital and cash flow. This plan has decided by the company's shareholders during the Extraordinary General Meeting of Shareholders.
In December 2018, the authorised capital of the company was recorded at Rp 2.40 trillion, while the issued and paid-up capital was recorded at Rp 906.53 billion each, and the remaining portfolio shares was recorded at Rp 1.49 trillion. After the private placement, the company's issued and paid-up capital will increase to Rp 997.18 billion, each, and remaining portfolio shares will decrease to Rp 1.40 trillion (LK/AR).