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5 June 2014 - EGM Invitation in Reserving Plan for Non-Preemptive Action
05 Jun 2014

5 June  2014

Corporate Update News : EGM Invitation in Reserving Plan for Non-Preemptive Action.

Jakarta – New Flash : PT Modern Internasional Tbk has notified OJK regarding its plan for EGM in July 2014 in reserving the plan for The Company Non –Preemptive Action.

Entering 5th year of operation in Indonesia, as The Company believes that securing the 7-Eleven business is crucial for the long term operation sustainability for the Company, the Management team has a full commitment to focus in growing and expanding the business of 7-Eleven.

One of the Company strategy to expand this business is to securing the financial needs , hence it is deemed necessary by the Company to hold EGM in this near future in order to reserve the plan for Non-Preemptive action.

Important highlights  in connection with this non pre-emptive action are :

  • The fund raising from this non-preemptive action will be used to expand the business of 7-Eleven.
  • With this action, the Management has enacted one of its financial strategies to secure  the financial needs for 7-Eleven business expansion.
  • The management has a full commitment to grow and expand the business of 7-Eleven, to serve the best interest of all the stakeholders and shareholders.
  • The details of Non-Preemptive action will be released once the Company has finalized the agreement. At the current State , the management team is still considering for  the best premium price offered by several potential partners in order to achieve the most effective fund raising.

 

For further inquiries please contact IR Division.

Investor Relation Division

PIC : Tina Novita

Email : tina.novita@moderninternasional.co.id

PT. Modern Internasional Tbk

JL Matraman Raya No 12, Jakarta 11350

Phone 021 -2801000 ext 753