PT Elang Mahkota Teknologi Tbk announced a private placement of 4,757,945,063 shares at an issue price of IDR 1,954 per share for gross proceeds of IDR 9,297,024,653,102 on March 23, 2021. The company will issue shares on premium having a nominal value of IDR 20 per share. The transaction has been approved in the Extraordinary General Meeting of Shareholders.

The company intends to implement the transaction on March 31, 2021. The company will announce the implementation of the transaction on April 5, 2021,