JAKARTA (Yosefardi) – PT MNC Kapital Indonesia Tbk (BCAP), financial business arm of MNC Group, is approaching by six investors, domestic and foreign, to become the standby buyer for the rights issue of BCAP.
BCAP plans to issue 551.47 million new shares, representing 11.76% of its enlarged shares capital, at price of Rp1,500 per share, to raise total proceeds of Rp827.21 billion. BCAP also plans to issue 551.47 million warrants, representing 13.33% of the company’s enlarged shares capital.
The company will use the proceeds of rights issue and warrant (combined Rp1.65 trillion) for paying debt to Silver Train Capital Ltd (Rp20 billion), to absorb rights issue of PT MNC Bank Internasional Tbk (Rp240 billion), and to support working capital (Rp567.21 billion).