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Premier Insight : VIVA, Sinarmas Group denied rumour regarding intention to invest in VIVA
Wednesday, June 12, 2019       10:01 WIB

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: Visi Media Asia ( IJ; Rp126; Not Rated): Sinarmas Group denied rumour regarding intention to invest in . This is according to Kontan regarding rumour that Sinar Mas Group and Pieter Tanuri (declined to give response) are competing to become strategic investors to and via private placement.
According to 's public expose on 29 May:
  • Other than non-preemptive right issue plan (PMTHMED) to strengthen its capital structure and debt deleveraging (causing forex loss pressure), also has alternative to conduct divestment.
  • has 89.9% ownership in PT Intermedia Capital Tbk ( IJ; Not rated. Thus, it is still possible to partly sell its ownership as could still maintain majoritiy ownership at 51-55%.
  • is open to offers from parties that can synergize with same vision and mission in company's development. Currently, there is several parties already showed interest to the company (in exploration phase).

On 29 May, share price already jumped by +11%. (Kontan, Company)

Sumber : IPS RESEARCH

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