Finance Info-PT Global Mediacom Tbk (BMTR) is planning to add share ownership at one of his children, namely PT MNC Sky Vision Tbk (MSKY).
The plan addressed President Hary Tanoesoedibjo, BMTR (HT) after the annual general meeting of shareholders (AGM) BMTR in MNC Tower, Jakarta, Friday (30/4/2013).
MNC Sky is one of the two subsidiary companies coded issuers BMTR was engaged in a business or pay television pay-TV. "The company is planning to increase his ownership in PT MNC Sky Vision, parent company of Indovision, Okevision and Top TV," he said.
Currently, advanced HT, BMTR is the majority shareholder of PT MNC Sky Vision (MSV) with ownership of about 66 percent.
"Now that the ownership (MNC in MNC Sky Vision) about 66 percent more, nearly 67 percent. We increased ownership in MNC Sky because of the tremendous growth each year, about 40 percent. So, to reinforce the perceived need BMTR to increase ownership stake there, "explained him.
However, HT claims to not know what percentage of the addition of shares in MSKY. "We do not yet know how many percent, want adds" he said.
HT said, adding that it plans a stock that will most likely be done with funds sourced from internal corporate cash. However, the option is still open if BMTR funds internally is insufficient.
"The addition of stock Plan would use funds from the cash because it has a reserve fund BMTR. If the Fund is less, then there are two possibilities. The first loan or through HMETD, "explained him.
Until the end of 2012, MSKY owns and produces 16 Indonesia-language pay-TV channel. Based on The Nielsen Company over all rating of subscription TV channel, stated that the MNC MNC Business, Sports, Music, MNC Entertainment MNC, MNC News MNC Lifestyle and achieve higher rankings in their respective categories.
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