Wants Expansion, Net TV Fundraising Rp 1 Trillion from Capital Market
By : Ahmad Fadli Dan Aldo Bella Putra | Monday, July 09 2018 - 00:00 IWST

PT Net Visi Media (Net TV)
INDUSTRY.co.id - Jakarta - Recently, PT Net Visi Media announced it will conduct an initial public offering (IPO) by releasing 1 billion shares. The Indika Group's television company is targeting a fresh fund of up to Rp 1 trillion. Net TV has also prepared two schemes to get the fresh funds.
First, the company will conduct an initial public offering (IPO) by releasing 1 billion shares, equivalent to 4.88% of the issued and paid-up capital of the company. From the corporate action, Net TV targets to get around Rp 200 billion.
Second, along with IPO, Net Vision Media will also perform mandatory convertible bond (MCB) conversion. According to Director of NH Korindo Sekuritas Amir Suhendro Samirin, the convertible MCB is equivalent to 19.32% of the total paid up capital of the company or 4.37 billion units of shares.
Funds targeted from the conversion of this MCB reached Rp 800 billion. Reportedly, Tokopedia will be the MCB container of the Net Vision Media. Well, this MCB will also be executed during the implementation of IPO Net TV. Net Vision Media has appointed NH Korindo Securities as the underwriter for this corporate action.
CEO of NH Korindo Securities Jeffry Wikarsa revealed Net TV will also use the proceeds of this IPO to fund expansion. "The IPO proceeds will be planned for business development," he said
But he did not explain in detail related to business development as what will be done by the media company.
Net TV will release its shares on the stock market using its financial statements in March 2018. So, this company will pitch in the Indonesian market on August 29th to come.
IDX noted, there are currently 20 companies that enter the pipeline and plans to hold an initial public offering in the second half of 2018. Yesterday, in addition to Net TV, there is one construction company who participated in holding a mini expose on BEI. Throughout this year, there are 21 companies listed in the domestic stock market
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment