JAKARTA (Yosefardi) – Property developer PT Modernland Realty Tbk (MDLN) plans to issue new shares to strategic investor/buyer (private placement).
Currently, the company’s shareholders are AA Land Pte Ltd Singapore (28.8%), PT Bumi Perkasa Permai (7.16%), and public investors (64.04%).
MDLN booked marketing sales of Rp480 billion in first quarter of this year, representing 12% of target for this year (Rp4 trillion).
MDLN allocates capital expenditure (capex) of Rp1.3 trillion for this year.