Jakarta (16/02/2017) – In order to expand the business in the field of telecommunication, PT Mitra Komunikasi Nusantara Tbk (MKNT), through its entity or subsidiary companies has successfully acquired 3 companies at once. Those 3 companies are PT Catalist Integra Prima Sukses (CIPS), PT Kasih Anugerah Kreasi (KAK), and PT Arifindo Mandiri (AM).
Thus through the acquisition, PT MSB officially owns 6.375 CIPS’ share or by 85% KAK’s share in the amount of 9.999 shares or by 99,99% and AM in the amount of 291.200 shares or by 65%. Value of each share is worth Rp 240.000,- (for CIPS), Rp 100.000,- (for KAK), and Rp 214.000,- (for AM). Based on evaluation towards those 3 companies’ share, the buying price of the above listed shares is still below the fair market price.
In fair market price 85% shares of CIPS is worth Rp 243.600,- per share, fair market price 99,99 % for KAK is worth Rp 147.100,- per share, and fair market price 65 % for AM is worth Rp 214.504,- per share.
Therefore, total amount of acquisition on PT CIPS is Rp 1,53 M, and Rp 1,45 M on PT KAK, and Rp 62,32 M on PT AM. So total amount of the acquisition by PT MSB for those 3 companies is RP 65,31 M. Or ceased by Rp 180,71 juta and 0,28% in percentage if it’s compared with total amount of the whole acquisition based of fair market price, which is worth Rp 65, 49 M.
Stock purchase transaction of PT CIPS and PT KAK by MSB are notarized sale deed by notary Ny. Rose Takarina, S.H with No 52 and 56. Meanwhile, stock purchase transaction of PT AM is notarized sale deed by notary Dwi Kusumawati, S.H with No 25. Those 3 are done all at once and at the same time.
Roby Tan, as the Director of PT MSB said, that this acquisition is implemented as one of the attempts to expand the business line. In the future, this major acquisition is expected to ease the coordination, in terms of prepaid vouchers sales of the company.
“This share purchase is meant to develop the business in the field of prepaid vouchers sales, especially in strategic areas. MSB acquired some companies, which are prepaid vouchers’ dealers of Telkomsel”, Roby Tan explained
As additional information, PT MSB now is one of MKNT’s subsidiary, which engages in the field of telecommunication. MSB is established in November 2015 started with authorized capital worth Rp 200 M and has 200.000 shares. The authorized capital consists of subscribed capital and fully paid up capital by PT MKNT and worth Rp 71,496 M or 99% and the rest is owned by Roby Tan.
Meanwhile, PT Mitra Komunikasi Nusantara Tbk (MKNT) is the holding company with total asset worth Rp 150,71 M and with total liability worth Rp 567,71M as per 31 September 2016. Meanwhile on the same period, amount of current net profit is Rp 5,71M
About PT Catalist Integra Prima Sukses (CIPS).
PT CIPS is established on 6th July 2006 with business scope covering major trade in electronic and telecommunication equipment and parts thereof. CIPS is founded with authorized capital worth Rp 1 M. The structure of share ownership is; Roby Tan by 90 % or in amount of 6.750 shares and with total asset worth Rp 675 juta and Reno Sopyadi by 10 % or in amount of 750 shares and with total asset worth Rp 75 juta.
Financial position by 30 September 2016, PT CIPS is listed its comprehensive net profit of the current period in the amount of 907 million or twice higher if it’s compared with the same period in previous year, which was only Rp 412 million.
About PT Kasih Anugerah Kreasi (KAK)
PT KAK was established on 3rd March 2016. Its business activities focused on trading, development, industry, services, agriculture, transportation, land transportation, workshop and printing. KAK was established with authorized capital worth Rp 1 M with total stock of 10,000 shares. Its comprehensive net profit of the current period by 30 September 2016 is in the amount of Rp 444 juta.
About PT Arifindo Mandiri (AM)
PT AM was established since 5th 2000. Its business activities include the distribution and sale of prepaid vouchers, SIM Cards, and sales store management (Grapari) issued by Indonesia's largest mobile operator, PT Telkomsel Indonesia. AM was established with authorized capital worth Rp 60 M with total stock of 480,000 shares. And for its financial position by 30 September 2016, PT AM comprehensive net profit of the current period is in the amount of Rp 1,44 M, lower if it’s compared with the same period in the previous year, which was worth Rp 2,61 M