JAKARTA – PT Wahana Interfood Nusantara Tbk (COCO) arranges a mandatory tender offer (MTO) in this first quarter of 2022 following the new controlling shareholder, Mahogany Global Investment Pte Ltd (MGI), listed in December 2021. Director of COCO, Reinald Siswanto, announced the news in the information disclosure quoted Thursday (6/1).
It was also explained that MGI now acquires 30.68% of 889,863,981 shares in COCO after the rights issue on December 23, 2021. Two other shareholders of COCO are PT Interjaya Corpora (IC) of 5.42% and public investors (below 5%) of 63.89%. Prior to this corporate action, COCO’s shares used to amount to 563,999,745 units, with IC owning 8.65% of them, followed by PT Central Texindo (CT) of 5.51% and the public of 85.93%.
This year, COCO would ensure the operation of factory machines acquired from PT Inti Jaya Internasional (IJI) in 2019. In the set schedule, the commissioning of the said machinery is scheduled to complete by November 2022. (LK/ZH)