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MD Picture still has Rp 127.71 billion of its IPO funds

15 July 2019 12:46

JAKARTA - As of 30 June 2019, PT MD Pictures Tbk (FILM) still has Rp 127.71 billion of its total IPO funds of Rp 274.63 billion. The company has used Rp. 139.98 billion for working capital and investment in its subsidiaries.

Based on the disclosure of company information, FILM has realized Rp 111.41 billion of its working capital budget of Rp 221.19 billion, while Rp 28.56 billion of the Rp 46.50 billion investment budget has been realised.

The company has invested in three companies, PT Studio Tujuh (Rp 22.06 billion), PT PAW PIC Studio Indonesia (Rp 3.50 billion), and PT Mix Entertainment (Rp 5 billion). FILM made its debut on the Indonesia Stock Exchange (IDX) on 7 August 2018 by offering 1,307,770,000 shares at a price of Rp 210 per share. (LK/AR)

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