JAKARTA - PT M Cash Integrasi Tbk (MCAS) is eyeing additional funds via a private placement of 86,793,330 shares. This plan will be decided at the Extraordinary General Meeting of Shareholders (EGMS) on 14 June 2023.

In the short prospectus quoted on Monday (8/5), all proceeds from the private placement will be used for business development working capital. The number of shares to be issued is around 10% of the company's issued and fully paid capital of 867.93 million.

After this corporate action, the total issued and fully paid capital increased to 954.72 million shares. The owner's structure is PT 1 Inti Dot Com (1IDC) 10.63%, PT Kresna Graha Investama Tbk (KREN) 7.57%, PT Karya Karunia Persada (KKP) 4.69%, Abell Technology Global PTE LTD (Abell) 10.36%, PT Hero Inti Putra (HIP) 5.84%, Bank of Singapore Limited 6.65%, Martin Suharlie 7.20%, Suryandy Jahja 1.07%, Diaz MF Hendropriyono 0.02%, Rachel M Siagian 0.00%, public 36.87%, and investors 9.09%.

Previously, the issued and fully paid capital of MCAS was 867.93 million shares with the owner structure namely, 1IDC 11.69%, KREN 8.33%, KKP 5.16%. Abell 11.40%, HIP 6.43%, Bank of Singapore Limited 7.31%, Martin Suharlie 7.92%, Suryandy Jahya 1.18%, Diaz FM Hendropriyono 0.02%, Rachel SM Siagian 0.00% , and public 40.56%.

Total assets rose 37.84% to IDR 2.9 trillion from IDR 2.10 trillion and equity rose 61.46% to IDR 2.09 trillion from IDR 1.29 trillion before the private placement. (LK/LM)