Good News From MNC Energy Investments, This Hary Tanoesoedibjo Conglomerate-Owned Company Will Continue To Do Private Placement

Conglomerate Hary Tanoesoedibjo. (Photo: Doc. Antara)

JAKARTA - The company owned by the conglomerate Hary Tanoesoedibjo, PT MNC Energy Investments Tbk (IATA) stated that it will continue to raise capital through a private placement in accordance with the provisions.

In its official statement, quoted on Tuesday 17 May, the company explained that previously it had made additional capital without pre-emptive rights (non-HMETD) in July 2020. In accordance with the provisions of the Financial Services Authority (OJK), the implementation of the next non-HMETD or private placement can be carried out. carried out no later than two years after, or after July 2022.

"Private placement of shares to strategic and/or long-term investors will still be carried out through the current capital increase mechanism and through non-HMETD after the July 2022 deadline has passed," said IATA management.

The company further emphasized that there is no plan to cancel private placements through non-HMETD, but what has happened is the delay in the implementation of non-HMETD due to OJK Regulation No. 14/POJK.04/2019, which states that non-HMETD can only be implemented once every two years.

IATA has exercised non-HMETD last July 2020 so that the next non-HMETD can only be made after July 2022 has passed.

The addition of shares will still be carried out through a rights issue mechanism which will be decided at the company's extraordinary general meeting of shareholders (EGMS) on Wednesday 18 May.

It is hoped that through the rights issue that is currently being processed and later additional capital through non-HMETD, the company can invite strategic investors and/or long-term investors who will jointly build and develop the company's business in the energy sector.