Releasing FILM shares 4 times, Manoj Punjabi has a cash value of IDR 186 billion

Jakarta, CNBC Indonesia – President Director of PT MD Graha Utama, who is also the majority shareholder PT MD Pictures Tbk (FILM)Manoj Dhamoo Punjabi, for the umpteenth time again released his share ownership in the film production house company.

In the information submitted on the Indonesian Stock Exchange’s website, Tuesday (1/10/2019), Manoj announced the sale of shares with the code FILM on September 19.

The company released 4,762,000 shares at a price of Rp 210/share so that it pocketed Rp 1 billion in funds. “[Terjadi] sale of shares of the main shareholder of MD Pictures directly,” wrote Manoj, quoted by CNBC Indonesia, Tuesday.

If you add up the previous shares selling action on September 4 and 6, when Manoj released 59,523,900 FILM shares and made MD Graha Utama pocket funds worth IDR 12.50 billion, then MD Graha Utama has already reaped the benefits. cuan IDR 13.5 billion.

With the sale on September 19 2019, the remaining portion of MD Graha Utama’s shares in MC Pictures was 5,633,084,100 (5.63 billion shares) or 59.22% from the previous 5.64 billion shares (5,637,846,100 shares) or 59. 27%.

If you add to the sales made on July 9 2019, when Manoj sold 247 million units of shares at a price of Rp. 700/share with fresh funds of Rp. 172.9 billion, then MD Graha Utama pocketed a total of Rp. 186.4 billion in selling funds.

Historically, in June 2019, MD Graha Utama still owned 62.50% of FILM shares, while the rest belonged to PT MD Global Media 22.50%, and public investors. The portion of shares in June has not changed compared to the portion of shares at the end of last year.

FILM was the first film company to take the floor on the IDX on August 7 2018. At the time of the initial offering (IPO) FILM’s share price was released at Rp 280/share. Then this stock went wild and rose up to 453% to a price level of IDR 1,550/share.

The number of shares released to the public last year was 15% of the total number of shares listed. FILM is a company that produces a number of well-selling films and soap operas which are shown in local cinemas.

Some of these films Danur 3, Twivortiare, Verses of Love 2and Habibie & Ainun.

On Tuesday 1 October, the IDX began to temporarily suspend trading (suspension) of FILM shares in line with the significant decline in these shares. IDX data noted that in the last month FILM’s shares had collapsed by 71% and
year to date fell 62%.



Next Article

Dropped 13%, Shares of Film Producer Habibie Beware of IDX



Tinggalkan Balasan Cancel reply