18 Aug 2020, 23:30 WIB

Going Digital, MNC Investama is Optimistic to Deliver a Better Performance in 2H/2020

JAKARTA - PT MNC Investama Tbk (BHIT) is confident that the Company’s performance will improve in the second semester of 2020. The Company has carried out various digital initiatives including the launching of Motion, the latest mobile banking application from MNC Bank.

The Executive Chairman of MNC Group, Hary Tanoesoedibjo (HT) said that the Company's strategy must be changed to adapt towards a digitalization era, to become more efficient.

"I think this strategy drives the Group's strategy to change accordingly in the media business as well as other businesses within the Group," he said after the Annual and Extraordinary General Meeting of Shareholders at the iNews Building, Jakarta, Tuesday (18/8/2020).

HT said this year is a year of consolidation and a year to adapt in welcoming a new era that comes with new behaviours.

“This is a digital era so we focus all towards this direction for a better result. Adapting to this behaviour, the Company has a new business model which we think that it is best to focus on digitalization,” he said.

HT added that the Company is more confident in moving forward in line with the economic recovery which is supported by the government's plan to implement various initiatives to accelerate the National Economic Recovery (PEN) program.

“Entering 3Q2020, the market has just started to strengthen, certainly better than 1H2020. However, it still needs to be encouraged so that it can be reflected for the future economic growth, "he said.

The President Director of MNC Investama, Darma Putra said, the AGMS and EGMS approved and accepted the Annual Report of the Company’s Board of Directors, the Report of the Company’s Board of Commissioners for the Financial Year ending on December 31, 2019.

"In addition, the AGMS also agreed not to distribute dividends to the Company's shareholders, in order to support business development. The AGMS also approved the change in the Company’s management," he said.

On the same occasion, the EGMS also agreed to cancel the implementation of the Management and Employee Stock Option Program (MESOP). Meanwhile, the plan to increase capital through the Pre-emptive Rights scheme of a maximum of 5,998,697,961 shares to new investors and shareholders of the Company has been approved.