Stock Price Hits Rp1 Floor, Issuer to Pursue Private Placement

Jakarta – PT Mitra Komunikasi Nusantara Tbk (MKNT) plans to conduct a capital increase without providing shareholders with pre-emptive rights (PMTHMETD) or through private placement.

According to the Indonesia Stock Exchange (BEI) disclosure, the company will issue approximately 882.925 billion new shares at an issuance price of Rp1 per share through this corporate action.

Before the capital increase, the company’s issued and fully paid shares totalled 5.5 billion shares with a nominal value of Rp1 per share.

If all new shares are issued, the company’s total shares after the capital increase will increase to approximately 888.425 billion shares.

To facilitate this corporate action, management will seek shareholder approval through a General Shareholders’ Meeting (RUPS) scheduled for 16 April 2026.

MKNT shares have collapsed and have been trading at the floor price of Rp1 per share for more than a year, with a market capitalisation of Rp6 billion.