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Tempo News: 333 Million TMPO Rights Issue Fully-Subscribed

Translator

Editor

25 January 2018 07:06 WIB

From Left: Ade Subrata, reporter Friski Riana, Toriq Hadad, Herry Hernawan, and Gabriel Sugrahetty, seen here blowing candles at the Tempo Media Group 46th birthday event at Tempo Office, Jakarta, March 6th 2017. TEMPO/Subekti

TEMPO.CO, Jakarta - PT Tempo Inti Media Tbk (TMPO) reported that 333.33 million of its new shares offered through rights issue was entirely absorbed by the market.

Tempo Inti Media President Director Toriq Hadad views it as a sign of public trust towards the establishment he is currently leading.

“We just received confirmation from the securities administration Bureau that all of our latest shares were fully-subscribed. This is certainly positive news for Tempo management,” said Toriq on Wednesday, January 24.

Toriq once again appreciated the great response shown by the public and was also proud of the entry of new shareholders. He is sure that the public’s support can drive the company’s business even better.

“I, of course, appreciate the overwhelming response from members of the public. We are also proud of the new entries,” he said. This means that this media issuer will receive funds valued at Rp99.99 billion that will be used among other things for business development, specifically its digital platform.

Toriq says that the company plans to allocate Rp10 billion for the development of digital technology through Info Media Digital.

BUDIARTI UTAMI PUTRI


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