Heaptalk, Jakarta — Djarum-backed PT Global Digital Niaga Tbk (Blibli) will conduct a Private Placement (PMTHMETD) by issuing 4.9 billion shares worth US$144 million, approximately Rp2.25 trillion.
According to the Indonesia Stock Exchange disclosure, the Private Placement will be carried out at an execution price of Rp460 per share. After the Private Placement’s completion, Blibli’s issued and paid-up capital will increase to Rp32 trillion.
Previously, Blibli had received approval to conduct a private placement by issuing up to 9.4 billion new shares, representing 7.63% of BELI’s issued and paid-up capital, with a nominal value of Rp250 per stock.
“PT Lingkarmulia Indah, an affiliated company party, will partially take up all these new shares.” Blibli’s Management conveyed the matter in the official release.
According to the company’s annual report, Lingkarmulia Indah is owned by the Hartono family. Robert Budi Hartono holds a 51% stake in Lingkarmulia Indah, while Bambang Hartono owns the remaining 49%. This company is recorded as having 89.61% of shares in PT Global Digital Prima, which, in turn, owns 99.99% of PT Global Investama Andalan, the controlling entity of BELI.
In the Private Placement effort, the company obtained approval from its independent shareholders through the Company’s Extraordinary General Meeting of Shareholders (EGMS), which was held on June 13, 2024, following Article 8A of Indonesia’s Financial Service Authority (OJK) Regulation No. 14/2019.
The company will hold the private placement in the following details:
- Payment for Additional Share Purchases and Distribution of Additional Shares on October 22nd, 2024
- Listing of Additional Shares on the Indonesia Stock Exchange on October 23rd, 2024
- Notification of Private Placement Results on October 24th, 2024
As additional information, Blibli recorded a decrease in its net loss for the first half of 2024 by 32.9%, reducing the loss to Rp1.18 trillion, compared to Rp1.76 trillion in the same period in 2023. The business loss diminishment was driven by a 1% increase in BELI’s net revenue as of June 2024, compared to Rp7.77 trillion in 2023. Despite the revenue growth, the cost of goods sold (COGS) decreased by 3%, dropping to Rp6.3 trillion in June 2024.
Looking ahead, Blibli will continue to execute its omnichannel strategy, which involves expanding consumer touchpoints by partnering with leading global brand principals. This measure is expected to drive the business’s growth and maintain a favorable trajectory toward profitability.
