Jakarta - PT MNC Digital Entertainment Tbk (MSIN) plans to raise funds through additional capital with Pre-emptive Rights I of Rp5.607 trillion.

The company prospectus published on Friday (16/12), MSIN will offer a maximum of 1.144 billion shares with an exercise price of Rp4,900 per share.

PT Media Nusantara Citra Tbk as the main shareholder of MSIN will exercise its Preemptive Rights of at least Rp2.584 trillion.

Shareholders who do not exercise rights will be diluted to a maximum of 9.09%.

The plan to use the proceeds from rights issue I is around Rp3.384 trillion for the settlement of MNC and MNC Vision Networks Tbk's claim rights against MSIN and the remaining funds for working capital, including investment in subsidiaries.

The provisional schedule is the Extraordinary General Meeting of Shareholders November 14, 2022, effective date January 23, 2023, cum Pre-emptive Rights on the regular market and negotiations January 31,