Surprisingly, Anthony Salim Turns Out To Have 9.08 Percent Of Shares In A Media Company Owned By Eddy Kusnadi Sariaatmadja

Conglomerate Anthony Salim. (Photo: Doc. Wall Street Journal)

JAKARTA - The conglomerate Anthony Salim has a sizable stake in one of the leading media companies, PT Elang Mahkota Teknologi Tbk (Emtek). The boss of Indofood has a stake of more than 5 percent in the main company of SCTV and Indosiar.

Quoting the disclosure of information on the Indonesia Stock Exchange (IDX) website, Thursday, March 25, the 4th richest person in Indonesia narrowed the stock of the issuer coded as EMTK by 9.08 percent or 5.12 billion shares.

VOI editorial team tries to trace the time when this conglomerate owner of the Salim Group joined Emtek. In the monthly Emtek shareholder registration report as of December 31, 2020, there is no name of Anthony Salim as a shareholder of more than 5 percent.

It was only in the report on February 28, 2021, that the name Anthony Salim was listed, with ownership of 5.12 billion shares. It is not yet known the details of the timing of the share purchase action by Anthony Salim.

For information, currently, Emtek's shareholder structure becomes Eddy Kusnadi Sariatmadja holding 24.9 percent, Susanto Suwarto 12.61 percent, PT Adikarsa Sarana 11.53 percent, Piet Yaury 8.84 percent, PT Prima Visualindo 8.14 percent, Archipelago Investment Pte Ltd 8.06 percent, Rd. Fofo Sariatmadja 5.38 percent and Anthony Salim holds 9.08 percent of the shares.

Emtek is planning to conduct a private placement or issuance of new shares without pre-emptive rights (Non-HMETD). The private placement is planned for a total of 4.757.945.063 or 4.75 billion new shares with a nominal value of IDR 20 per share.

Meanwhile, the implementation price is set at IDR 1.954, so that the company can reap private placement funds worth IDR 9.29 trillion. However, with the plan to issue new shares without pre-emptive rights, it means that the percentage of Anthony Salim's share ownership will be diluted by as much as 8.88 percent.

Thus, the percentage of Anthony Salim's share ownership in EMTK may change to 8.37 percent after the private placement.