Mobile-8 capital boosted to IDR14 trillion

JAKARTA: PT Mobile-8 Telecom Tbk, the operator of code division multiple access/CDMA, sealed the approval of its shareholder to soon foster its capital to IDR14.02 trillion at the most or soared by 343.67% from previous figure of IDR3.16 trillion.Such
Wandrik Panca Adiguna
Wandrik Panca Adiguna - Bisnis.com 21 Desember 2010  |  01:49 WIB

JAKARTA: PT Mobile-8 Telecom Tbk, the operator of code division multiple access/CDMA, sealed the approval of its shareholder to soon foster its capital to IDR14.02 trillion at the most or soared by 343.67% from previous figure of IDR3.16 trillion.Such approval was obtained during the extraordinary shareholder meeting held in MNC Tower Auditorium yesterday. The meeting was attended by 65.58% of the MNCs Group shareholders.Mobile-8s Corporate Secretary, Chris Taufik said that the decision being approved and legitimated during such meeting is the additional allocated and paid in capital in order to realize the companys rights issue, warrant and mandatory convertible bonds.Regarding to the implementation of preemptive rights issue, warrant and mandatory convertible bonds, the previous allocated and paid in capital of IDR3.16 trillion will now become IDR14.02 trillion at the most, he said in the press conference yesterday.The extraordinary meeting of shareholders also approved the first right issue plan to realize the issuance of preemptive rights issue referring to the regulation of Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) No.IX D.1 including warrant issuance.The shareholder also permitted the companys plan to acquire PT Smart Telecom as well as granted the authority to Mobile 8s directors and board of commissioner to issue mandatory convertible bonds referring to Bapepam-LKs regulation No IX.D.4.The authority was given to the directors and board of commissioners to issue new shares with the preemptive rights issue, including the warrant issuance, either individually or collectively with substitution rights to take any necessary measure in realizing such decision. (t02/wiw)

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