Mega Property Plans to Right Issue

Mega Manunggal Property, Tbk (MMLP IJ) is plan to issue its 3,076,913,900 shares in the right issue in October 2017, with price at level IDR100 per share. Company’s right issue is around 35% of the capital issued, and paid up capital after the right issue’s implementation. For the record, the authorized capital was worth IDR1.5trn, and the paid up capital and issued capital worth IDR571.42bn. After the right issue’s implementation, Mega Property’s authorized capital will worth IDR1.5trn, and the paid up and issued capital will worth IDR879.11bn. While the proceed will be used for its capital expenditure 90%, and the remaining for work capital.

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