MPPA - PT. Matahari Putra Prima Tbk

Rp 254

-10 (-3,94%)

JAKARTA – PT Matahari Putra Prima Tbk (MMPA) intends to organize a private placement, offering 752,914,792 shares of IDR 50 each. This plan would be finalised in the Extraordinary General Shareholders Meeting on Friday (16/7).

In the information disclosure, quoted Thursday (15/7), MPPA’s authorised capital amounts to 10.80 billion shares of IDR 50 each, thus adding up to IDR 540 billion. Its issued and paid-up capital reached IDR 376.45 billion, while its stock in portfolio is at IDR 163.54 billion. PT Multipolar Tbk (MLPL) owns 38.33%, Andersen Investment Pte Ltd 18.63%, Connery Asia Limited 7.55%, and the public 35.49%.

After this corporate action takes place, its issued and paid-up capital would raise to IDR 414.10 billion, while the stock in portfolio diminishes to IDR 125.89 billion. MLPL’s portion would be reduced to 34.84%, Andersen Investment Pte Ltd 16.94%, Connery Asia Limited 6.86%, the public 32.27%, and other investors 9.09%.

MMPA predicted to collect IDR 670.84 billion through this corporate action, assuming the execution price is set to IDR 891 per share, which is the average closing price from April 28, 2021 to June 8, 2021. The private placement proceeds would be utilised to strengthen its capital structure, improve its performance, and anticipate other opportunities in the future. (LK/ZH)