HK Metals Utama's Managing Director Bluntly: Ricky Harun's Presence Is Not Only To Strengthen The Company's Digitalization

JAKARTA - A manufacturing company engaged in the iron, steel and aluminum industry, PT HK Metals Utama Tbk (HKMU) stated that they are serious about strengthening digitalization in their bodies.

President Director of HK Metals Utama, Muhamad Kuncoro said, in order to continue to grow, the company must follow the current situation and conditions. This digitization, according to Kuncoro, will make it easier for HK Metals to be more integrated into the industrial ecosystem consisting of distributors and clients who are abroad.

"We will enlarge this digitalization gong next year," said Kuncoro, Thursday, October 7 yesterday.

For information, in August 2021, HK Metals appointed actor Ricky Chilnady Pratama alias Ricky Harun as an Independent Commissioner. Kuncoro on the occasion after yesterday's EGMS said that the appointment of Ricky Harun as a commissioner brought a positive atmosphere to the company.

So, is Ricky Harun's appointment related to the need to strengthen digitalization at HK Metals? Kuncoro believes that the presence of Ricky Harun has brought a new color to the company, but not specifically for digitalization.

"His thinking from a technical aspect certainly brings his own existence to HK Metals. Brand awareness. And he always actively participates in the company," said Kuncoro.

HK Metals itself has just received approval from shareholders to conduct a rights issue to strengthen the company's capital. The Company will issue a maximum of 5,150,000,000 new shares with a nominal value of Rp100 per share, but the price for this Limited Public Offering (PUT) has not been determined.

"Referring to the provisions of Article 8 paragraph 3 POJK 14, the period between the date of approval of the EGMS to the effective date of the registration statement is no more than 12 months. The rights issue is expected to be held and completed in the first quarter of 2022," he said.

The rights issue proceeds, after deducting all commissions, fees, fees and other expenses, will be used for working capital, partial debt repayment, and the remainder for subsidiaries.

"We estimate that in the event that the funds obtained from the Preemptive Rights proceeds are used in accordance with the planned use of funds, then we will have a number of funds that can be used as working capital for the implementation of the retail business strategy and payment of some debts," he explained.