JAKARTA – Shareholders of PT MD Entertainment Tbk (FILM) unanimously agreed upon the plan of over 50% acquisition of PT Net Visi Media Tbk (NETV), the managing company of NET Televisi. Following this decision, the company will officially enter television broadcast business.

Fidela Hasworini, Corporate Secretary of FILM, mentioned that the Extraordinary General Meeting of Shareholders that was held last Tuesday (8/10) was attended by shareholders representing 9.41 billion shares or 99.04% of total shares with valid votes issued by the company.

“We agreed upon the company’s plan to proceed with the material transaction regarding NETV acquisition,” said Hasworini, quoted from EGMS report today (10/10).

Then, shareholders also collectively approved private placement plan of a maximum 951.12 million shares or 10% of issued and paid-up capital of FILM.

It is known that FILM will acquire 80.05% of NETV for IDR 1.65 trillion, which is equal to 98.71% of its equity as of April 2024. (LK/ZH)