JAKARTA – PT Yelooo Integra Datanet Tbk (YELO) has yet to secure approval from its shareholders regarding its rights issue plan. The Extraordinary General Shareholders Meeting and the Independent General Shareholders Meeting were only joined by 66.68% of all shareholders, failing to meet the quorum.
In the information disclosure quoted Friday (15/7), Rosi Diani, Corporate Secretary of YELO, confirmed that the meetings did not commence at all, making it impossible to finalise firm decisions.
Initially, the meeting’s agenda included the discussion over the authorised and paid-up capital raise through the issuance of 15,302,195,240 shares worth IDR 100 each. However, the meetings only managed to gather those representing 1,274,399,718 shares, or 66.68% of the entire issued shares by YELO.
In addition to this, YELO also failed to gain approval regarding the lease of an asset in the form of a fibre optic network worth IDR 1.47 trillion by its subsidiary, PT Telemedia Komunikasi Pratama (TKP), to PT Gemilang Lintang Nusantara (GLN). (LK/ZH)