JAKARTA - PT Tripar Multivision Plus Tbk (RAAM), also known as Multivision Plus production house, is planning the issuance of 619.42 million shares worth IDR 60 each via private placement.

This corporate action plan will first be discussed to gain approval from shareholders on September 12, 2024.

In the short prospectus quoted Tuesday (6/8), the stock price is said to be set to a minimum 90% of average closing price for the past 25 days in the regular market prior to the day of new shares’ issuance request.

All proceeds are said to be utilised for business expansion.

As of now, RAAM’s authorised capital is at IDR 1.2 trillion, while its issued and paid-up capital is IDR 371.65 billion and stock in portfolio worth IDR 828.34 billion.

RAAM’s shareholders consist of Ram Jethmal Punjabi (RJP) of 83.22%, PT Tripar Multi Image (TMI) of 0.81%, and the public of 15.97%.

After this private placement, the issued and paid-up capital will increase to IDR 408.81 billion, with RJP owning 75.66% of them, followed by TMI of 0.73%, private placement portion of 9.09%, and the public of 14.52%. (LK/ZH)