MSKY Plans Private Placement worth Rp 847.6 billion

By Editorial Team 19/09/2019
Summary

PT MNC Sky Vision Tbk (MSKY) plans to do a private placement or capital increase without pre-emptive rights (PMTHMETD) for 906.53 million shares, with an exercise price of Rp 935 per share. This means that the total value reached Rp 847.6 billion. The owner of MNC Vision's pay television network will offer private placement to all potential investors next week. This step is intended to facilitate prospective investors in obtaining MSKY’s shares under the existing provisions.

MNC Sky Vision Finance Director Janis Gunawan in a public disclosure on the Indonesia Stock Exchange (IDX) said the move was intended to strengthen the company's capital structure. Assuming the PMTHMETD is fully absorbed by the public, PT MNC Vision Networks Tbk (IPTV) ownership over MSKY’s shares will shrink to 88.68 percent from 97.55 percent. People who previously only held 2.45 percent of shares would increase to 11.31 percent.

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