Dec 21, 2010

Mobile-8 boosts capital to Rp14 trillion

PT Mobile-8 Telecom Tbk, the operator of code division multiple access/CDMA, sealed the approval of its shareholder to soon foster its capital to Rp14.02 trillion at the most or soared by 343.67% from previous figure of Rp3.16 trillion.
Such approval was obtained during the extraordinary shareholder meeting held in MNC Tower Auditorium yesterday. The meeting was attended by 65.58% of the MNC’s Group shareholders.
Mobile-8’s Corporate Secretary, Chris Taufik said that the decision being approved and legitimated during such meeting is the additional allocated and paid in capital in order to realize the company’s rights issue, warrant and mandatory convertible bonds.
“Regarding to the implementation of preemptive rights issue, warrant and mandatory convertible bonds, the previous allocated and paid in capital of Rp3.16 trillion will now become Rp14.02 trillion at the most,” he said.
 
Disclosure: No position at the stock mentioned above.

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