Ahead Of The NETV Shares EGMS Soaring Significantly, Here Are The Catalyst Series

JAKARTA - The transformation from PT Net Visi Media Tbk or NET TV to PT MDTV Media Technologies Tbk, which has been in effect since early 2025, apparently began to spark market participants to look at the shares of this issuer coded NETV.

Based on IDX trading data, NETV shares within 5 days the stock exchange has jumped to 60.54 percent from the 147 level per share at the opening of trading April 16 until the close of April 23, 2025, at the level of 236 per share.

NETV shares that were previously only transacted with a very minimal value in the figure of hundreds of millions of rupiah and even tens of millions of rupiah, in the last two days were transacted with a value of billions of rupiah to tens of billions of rupiah.

On Tuesday, April 22, 2025, NETV shares were transacted 4,076 times for 36,852,100 shares worth Rp6.37 billion and for yesterday's trading, Wednesday, April 23, 2025, NETV shares were transacted 13,770 times for 146,340,400 shares worth Rp31.10 billion.

Referring to the various disclosures of information on the IDX website, the latest news for NETV is that the Company's Extraordinary General Meeting of Shareholders (EGMS) will be held on Wednesday, May 7, 2025, one of the main themes is the Changes in the Company's Management.

Meanwhile, in terms of fundamentals, based on data on PT MDTV Media Technologies Tbk (NETV) financial statements as of December 31, 2024, the company managed to cut losses by 87.55 percent from Rp630.41 billion to Rp78.45 billion.

However, the company's most attractive financial report is the ability to cut debt or liabilities by 81 percent from Rp1.94 trillion as of December 2023 to Rp369.47 billion in December 2024.

The notes submitted by the NETV management in its financial statements stated that the decrease in liabilities or liabilities reaching Rp1.57 trillion was caused by the settlement of bank debt, business debt, and acrual burdens in the series of transactions of corporate action to increase capital without pre-emptive rights (PMTHMETD) or private placement by PT MD Entertainment Tbk (FILM) which has become the company's new controller.

Even on the equity side, NETV, which previously suffered capital deficiency of up to IDR 728.47 billion, now has positive equity of IDR 675.39 billion.

Towards the end of 2024, the company has indeed changed the nominal value of shares, the Shareholders have decided to carry out the merger of shares with a ratio of 2:1 over the total initial shares, bringing the total to 23,453,77,240 shares with a nominal value per share of Rp 100 to 11,726,588,620 shares with a nominal value per share of Rp 200 (series A shares) and also approved the issuance of series B shares of 83,093,645,520 shares with a nominal value per share of Rp50.

Furthermore, NETV Shareholders have also decided to increase the company's issued and paid-up capital from Rp2,345,317,724,000 (Rp2.34 trillion) or as many as 11,726,588,620 Series A shares to Rp3,827,014,179,100 (Rp3.82 trillion) or 11,726,588,620 Series A shares and 29,633,929,102 Series B shares.

On 27-30 December 2024, several Company Children's Entities signed deed related to Transfer of Name and Capital Improvement originating from shareholder capital deposits including conversions to down payment of shareholders' capital, with the following details:

1. PT Industri Mitra Media (IMM) Modal Changes Placed and Deposited- Initially: IDR 2,257,886,000,000, - To: IDR 3,879,722,000,000, - As for the increase in the issued and paid-up capital of the IMM amounting to IDR 1,621,836,000,000, the company has fully paid for. So that the composition of IMM shareholders after additional capital is as follows: - PT MDTV Media Technologies Tbk: 3,869,272 shares or IDR 3,869,272,000,000,- (99.73 percent) PT Sinergi Lintas Media : 10,450 shares or IDR 10,450,000,000,- (0.27 percent)

2. PT Net Media Digital (NMD) Change Name-Initially: PT Net Media Digital- Becomes : PT MDTV Digital Media Changes Basic Capital-Initially : Rp163,600,000,000,--To : Rp1,616,876,000,000,-Modal Change Placed and Deposited- Initially: Rp40,900,000,000,--To : Rp404,219,000,000,-The increase in the capital is placed and paid up by the NMD amounting to Rp12,026,000,000,- has been fully paid up by the Company. So that the composition of NMD shareholders after capital addition becomes the following:- PT MDTV Media Technologies Tbk: 51,976 shares or Rp51,976,000,000,- (12.86 percent) PT Industri Mitra Media : 352,243 shares or Rp352,243,000,000,- (87.14 percent)

3. PT Net Media News (NMB) Change Name-Initially: PT Net News Media- Becomes : PT MDTV News Media Basic Capital Change - Initially : Rp. 4,000,000,000, - To : Rp. 1,124,864,000,000, - Capital Change Placed and Deposited - Initially : Rp. 1,000,000,000, - To : RRp. 281,216,000,000, - As for the increased issued and paid capital of the NMB amounting to Rp. 1,890,000,000, the company has fully paid. So that the composition of NMB shareholders after additional capital becomes the following:- PT MDTV Media Technologies Tbk: 1,940 shares or Rp. 1,940,000,000, - (0.69 percent)- PT Industri Mitra Media : 279,276 shares or Rp279,276,000,000,- (99.31 percent)

4. PT Net Mediatama Televisi (NMT) Change Name-Initially: PT Net Mediatama Televisi-To: PT MDTV Television Capital Change Placed and Deposited- Initially: Rp2,107,810,000,000,--To: Rp3,920,987,000,000,-The increase in NMT's issued and paid-up capital amounted to Rp940,588,000,000,- has been fully paid by the Company. So that the composition of NMT's shareholders after additional capital becomes the following:- PT MDTV Media Technologies Tbk: 1,027,163,000,000 shares or Rp1,027,163,000,000,- (26.20 percent)- PT Mitra Media Industry: 2,893,824 shares or Rp2,893,824,000,000,- (99.31 percent)

5. PT Kreatif Inti Corpora (KIK) Basic Capital Change - Initially: Rp. 4,000,000,000, - To: Rp. 373,520,000,000, - Modal Changes Placed and Deposited - Initially: Rp. 1,000,000,000, - To: Rp. 93,380,000,000, - As for the increase in the issued and paid-up capital of the KIK amounting to Rp. 4,194,000,000, - has been fully paid by the Company. So that the composition of KIK's shareholders after additional capital becomes the following: - PT MDTV Media Technologies Tbk: 4,244 shares or Rp.4,244,000,000, - (4,54 percent) PT Industri Mitra Media: 89,136 shares or Rp.89,136,000,000, - (95,46 percent)