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Building a new factory, Panca Mitra Multi Perdana seeks funds in a rights issue

07 June 2022 09:48

JAKARTA – PT Panca Mitra Multi Perdana Tbk (PMMP) eyes additional fresh funds to be added to its capital expenditure budget by issuing 784 million shares of IDR 100 each. The plan will be carried out within 12 months after gaining approval from the Extraordinary General Shareholders Meeting on July 11, 2022.

In the information disclosure quoted Tuesday (7/6), Christian Jonathan Sutanto, Corporate Secretary of Panca Mitra Multi Perdana, said that the money gained from this rights issue will be used to establish the ninth factory, as well as purchase machineries and additional facilities to reinforce the production. “The rest of them will go to the working capital to buy shrimps as our raw material and other operational and production auxiliary raw materials,” he mentioned.

After this corporate action, PMMP’s issued and paid-up capital will grow IDR 78.40 billion from IDR 235.30 billion to IDR 313.0 billion. Its shareholder structure consists of PT Tiga Makin Jaya (TMJ) of 43%, Soesilo Soebardjo of 24.6%, Martinus Soebardjo of 8.5%, Hirawan Tedjokoesoemo of 0.8%, PT Harapan Bangsa Kita (HBK) of 8%, and the public of 15%. (LK/ZH)

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