JAKARTA - PT Trimegah Sekuritas Indonesia Tbk (TRIM) allocated capital worth IDR 785.10 billion to PT Merdeka Copper Gold Tbk (MDKA) through the private placement phase I last week (26/3).

In the information disclosure quoted Monday (1/4), the management of MDKA confirmed that TRIM participated in the issuance of 362.13 million shares, offered for IDR 2,168 each. After this corporate action, MDKA’s issued and paid-up capital rose to 24.47 billion from the initial 21.11 billion shares.

The proceeds from this private placement phase I will be used for its business expansion.

One day after securing said funds, on March 28, MDKA’s stock was seen increasing 10 points to IDR 2,880 per share from the previous IDR 2,270 per share. It recorded the highest transaction price of IDR 2,300 per share. (LK/ZH)