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IPTV seeks IDR 172.95 billion from its second phase of private placement

23 June 2021 13:53

JAKARTA – PT MNC Vision Networks Tbk (IPTV) intends to collect fresh funds of IDR 172.95 billion by issuing 665,200,000 shares in a private placement phase two, to be carried out next week (30/6). Muharzi Hasril, the Corporate Secretary of MNC Vision Networks, announces the plan in the information disclosure, quoted Wednesday (23/6).

It is also stated that the shareholders had approved this plan during the Extraordinary General Shareholders Meeting on September 23, 2020. “The private placement would be carried out with the price of IDR 260 each,” Hasril adds.

After this corporate action, IPTV’s shares would increase to 42,179,246,839 units from 41,541,046,839 units. The total shares offered through this action (in phase I and II) amount to 2,857,284,000, and the remaining shares are 818 units. (LK/ZH)

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