JAKARTA. PT MNC Studios International Tbk (MSIN) will try to raise Rp146.65 billion through the issuance of 520.2 million new shares with a rights issue scheme, to fund the development of their digital platforms.
In the disclosure of information published on the Indonesia Stock Exchange website, the MNC Group's media and advertising company explained that the rights issue funds will be used to make two applications, KlakKlik and AdMediate. "For the sake of supporting our subsidiary business unit," said MSIN management.
In addition, MSIN management will use the rights issue funds to increase the production of broadcast video content on its OTT and TV platforms.
MNCN has not yet set the price for the rights issue, because management still needs to obtain approval from its shareholders. However, if we refer to the average price of MSIN shares over the past 25 days, which is Rp 281.92 per share, the company is expected to raise Rp 146.65 billion.
For information, 70.01% of MSIN shares are currently controlled by PT Media Nusantara Citra Tbk (MNCN). (KR/AR)