Bisnis.com, JAKARTA – The Lippo conglomerate plans to inject jumbo capital into PT Multipolar Tbk. (MLPL) is getting brighter. The Riady family company ensures that PT Inti Anugerah Pratama, which currently controls 37.91 percent of MLPL’s shares, is a standby buyer.
In the prospectus published today, Monday (10/1/2021), MLPL plans to issue 1.99 billion new class C shares with a nominal value of Rp. 100 per share. This amount is equivalent to 12.02 percent of the issued and fully paid shares.
The price for the exercise of the MLPL rights issue itself is set at the level of Rp500. Thus, through this corporate action, there will be additional capital for the Lippo technology holding of Rp. 999.8 billion.
In the prospectus, it is mentioned that the right issue ratio that is implemented is 51 pieces of ordinary shares entitled to 7 pieces of rights (51: 7). Each right can be exchanged for 1 new share at a price of Rp500.
Through this provision, every MLPL shareholder who will not take his rights will be diluted by 12.02 percent.
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