Jakarta - PT Matahari Putra Prima Tbk (MPPA) projects to obtain funds from the limited public offering VI to increase capital with Pre-emptive Rights or rights issues amounting to Rp890.112 billion.

Based on the brief prospectus published on Wednesday (13/10), MPPA offered a maximum of 1.171 billion new shares with an exercise price of Rp760 per share. The issued shares represent 13.46% of the issued and fully paid capital after the rights issue VI.

PT Multipolar Tbk (MLPL) stated that it would exercise all its Preemptive Rights and act as a standby buyer with several shares with a value equivalent to a maximum of Rp720 billion. Accordingly, as the main shareholder, MLPL will exercise all Pre-emptive Rights by its portion of 369,985 million shares at an exercise price of Rp760 per share or a maximum of Rp438.811 billion.

If it completes the rights issue VI, MLPL's share ownership will increase to 39.24% from 31.59%, Anderson Investment Pte Ltd will