JAKARTA - PT Yelooo Integra Datanet Tbk (YELO), a technology issuer in the field of communication technology equipment rental services, will hold an additional capital with preemptive rights (HMETD) or rights issue, after officially obtaining effective status from the Financial Services Authority (OJK) yesterday (01/11).
Through this corporate action, the Company is targeting a fund of Rp 183.20 billion. The number of new shares offered by the Company is 1.83 billion shares or 80% (eighty percent) of the total issued and paid-up capital after PMHMETD I with a nominal value of Rp100, (one hundred Rupiah) per share and Series I Warrants.
The President Director of YELO, Wewy Suwanto stated, "The Company's Rights Issue can be traded both inside and outside the stock exchange from November 12, 2021 to November 18, 2021, with a statement that the Rights Issue that has not been exercised until that date is no longer valid. The proceeds from this Rights Issue will be used to acquire a 69.85% stake in PT Abdi Harapan Unggul (AHU) owned by PT Artalindo Semesta Nusantara (ASN) with a deposit in the form of inbreng with the company's shares totaling 695 million shares. Then it was used to acquire 28% of AHU's shares owned by Roby Tan or a total of 280,000 AHU shares. And the rest will be used for the company's working capital."
For information, until the first semester of 2021, YELO posted a revenue of Rp 9.77 billion, or a sharp jump of 355% compared to the same period last year (yoy) of Rp 2.15 billion. Meanwhile, in terms of net income, it posted an increase from Rp 2.15 billion to Rp 9.77 billion. On the other hand, the Company's cost of goods sold and operations also increased significantly, thus recording an increase in net loss to Rp13.6 billion from Rp10.7 billion in the first half of 2020, due to the commitment to purchase internet data overseas which had been made and agreed prior to the Covid-19 pandemic occurred. (LM)