MDKA - Plans Private Placement

MDKA - Plans Private Placement Merdeka Copper Gold (MDKA) plans to issue a maximum of 2,447,298,377 new shares, representing up to 10% of its issued capital. The funds raised from the Private Placement will be used for the company's and its group's working capital needs, business development, and potential acquisitions of shares, assets, or investments in companies related to the group's core business. (Source : Company) Comment : At the current valuation, MDKA could potentially secure approximately IDR6.8 tn in fresh capital, facilitating the funding of its projects. We maintain a neutral stance on the corporate action.