MNC Studios International Tbk – Initial Public Offering May 8, 2018 349

Company Description

  • Established in 2000 under the name of PT Bhakti Media International.
  • Oversees RCTI, GTV, MNC Channels and I News.

Main Business

The company’s through its subsidiaries engaged in business activities of Production House (content production), Advertising Agency and Talent Management.

Initial Public Offering Facts

  • Maximum of 1.56 bn shares (29.98% of enlarged capital) are being offered to public.
  • 3% of its offer (46,800,000) will be allocated for Employee Stock Allocation (ESA) program.

IPO Proceeds Allocation

  • 35% shall be used to acquire channels business
  • 33% for repayment of MTN issued by MNC Pictures.
  • 20% for development of movie land.
  • 12% for development of production house business.

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