JAKARTA – The shareholders of PT MNC Vision Networks Tbk (IPTV), a television subscription management, give approval to the private placement plan.
In the treatise of the Extraordinary General Shareholders Meeting quoted Wednesday (23/11), Gadis Ratnasari Sjahrir, Corporate Secretary of MNC Vision Networks, mentioned that the capital increase agenda was approved by 69.05% of the present shareholders, representing 8.68 billion units of shares.
“They agreed upon increasing the capital by issuing a maximum of 4,219,795,084 shares, or 10% of the issued and paid-up capital of the company, through the Capital Increase Without Pre-emptive Rights,” Sjahrir stated.
The proceeds of this corporate action will then be utilised as a working capital and channelled to IPTV’s subsidiaries as extra capital.
Furthermore, this capital raise will lead to increases in assets and equity of IDR 421.98 billion each. The current ratio will also increase from 133.22% to IDR 155.71%, while the ratio of liabilities to assets decline from IDR 29.48% to 28.43%, as did the ratio of liabilities to equity from 41.80% to 39.73%. (LK/ZH)