PT Mitra Telekomunikasi Nusantara Tbk (MKNT) has announced plans to conduct a private placement to issue new shares without pre-emptive rights. The corporate action, taking place in Jakarta, Indonesia, will also result in the company acquiring a new controlling shareholder.
The upcoming capital increase marks a significant structural shift for the telecommunications firm as it prepares to transition ownership and management control under the new controlling entity. Further details regarding the identity of the new controller and the exact timeline of the private placement have been set in motion by the company's latest corporate announcements.
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