JAKARTA - PT MNC Land Tbk (KPIG) is eyeing funding of IDR 806.25 billion to realize a number of development plans for MNC World Lido, Lido World Garden, and other developments. This plan will be realized through a rights issue by issuing 8,062,572,666 shares of all the shares that have been issued and paid up by the company.
In the disclosure of information quoted on Thursday (20/5), MNC Land's authorized capital was recorded at IDR 29.5 trillion, issued and fully paid capital of IDR 8.06 trillion, and the remaining share value in the protepel was IDR 20.63 trillion. The owner structure includes, UOB Kay Hian Hong Kong Ltd 19.50%, PT MNC Investama Tbk 17.06%, HT Investment Development Ltd 10.89%, board of commissioners and directors 1.36%, and the public (under 5%) 51.19%.
If the plan is realized, then MNC Land will register its issued and fully paid capital to increase to IDR 8.86 trillion. The owner structure includes, UOB Kay Hian Hong Kong Ltd 17.73%, PT MNC Investama Tbk 15.51%, HT Investment Development Ltd 9.90%, board of commissioners and directors 1.22%, and the public (under 5%) 46.53%.
The corporate action plan will be implemented no later than two years after the resolution of the Extraordinary General Meeting of Shareholders (EGMS) which will take place on June 25, 2021. (LK/LM)