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Page 1
                                                                                     Jakarta, 15 Juli / July 2024
No.: 004/MBM-JKT/CORSEC/LRPD/VII/2024

Kepada Yth. / To:
Kepala Eksekutif Pengawas Pasar Modal, Keuangan Derivatif, dan Bursa Karbon/ Chief Executive of Capital
Markets, Derivatives Finance and Carbon Exchange Supervision
Otoritas Jasa Keuangan Republik Indonesia (“OJK”)
Gedung Soemitro Djojohadikusumo
Jl. Lapangan Banteng Timur No. 2-4
Jakarta 10710

Perihal/Re.         :    Penyampaian Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Perdana
                         Saham PT Merdeka Battery Materials Tbk (“Perseroan”) /
                         Report on the Realization of the Appropriation of Funds Resulting from Initial Public
                         Offering PT Merdeka Battery Materials Tbk (the “Company”)

Dengan hormat,                                            Dear Sir / Madam

Dalam rangka memenuhi ketentuan dalam                     In order to comply with the OJK Regulation No.
Peraturan OJK No. 30/POJK.04/2015 tentang                 30/POJK.04/2015 on the Report of the Realization of
Laporan Realisasi Penggunaan Dana Hasil                   the Appropriation of Funds Resulting from Public
Penawaran Umum serta Angka IV.1.3 Keputusan               Offering and Article IV.1.3 of Decision Letter of the
Direksi PT Bursa Efek Indonesia Nomor: Kep-               Board of Directors of the Indonesian Stock Exchange
00066/BEI/09-2022 tanggal 1 Oktober 2022 tentang          No. Kep-00066/BEI/09-2022 dated 1 October 2022
Perubahan Peraturan Nomor I-E tentang Kewajiban           on the Amendment to the Regulation Number I-E on
Penyampaian Informasi (“Peraturan I-E”), bersama          Obligation to Disclose Information (“Regulation I-E”),
ini kami sampaikan Laporan Realisasi Penggunaan           the Company hereby submits a Report on the
Dana Hasil Penawaran Umum Perdana Saham                   Realization of the Appropriation of Funds Resulting
sebagaimana terlampir.                                    from Initial Public Offering as attached.

Demikian surat ini kami sampaikan. Terima kasih           Thus to be informed accordingly, thank you for your
atas perhatian dan kerjasamanya.                          attention and cooperation.

Hormat kami / Kind regards,
PT Merdeka Battery Materials Tbk




Deny Greviartana Wijaya
Sekretaris Perusahaan / Corporate Secretary

Tembusan:
Direktur Pengawasan Emiten dan Perusahaan Publik 2

                                                            Paraf / Initial:
Page 2
                                                                                                                                                                                                                                         LAMPIRAN / APPENDIX 1
                                                                                                                                                                                                              Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Perdana Saham /
                                                                                                                                                                                                       Report on the Realization of the Appropriation of Funds Resulting from Initial Public Offering
                                                                                                                                                                                                              untuk Periode sampai dengan 30 Juni 2024 / for the Period until 30 June 2024


                                                                                                                                                          Rencana Penggunaan Dana Menurut Prospektus /                                                                                              Realisasi Penggunaan Dana Menurut Prospektus /                                                                                                   Sisa Dana Hasil Penawaran Umum /
                                                           Nilai Realisasi Hasil Penawaran Umum /                                                      Plan of the Appropriation of Funds following Prospectus                                                                               Realization of the Appropriation of Funds following Prospectus                                                                                        Remaining Funds from the Public Offering
                                                          Amount of Proceed from the Public Offering
                                                                                                                                                                        (Lampiran / Appendix 2)                                                                                                                   (Lampiran / Appendix 2)                                                                                                                    (Lampiran / Appendix 2)
                                                                 (dalam Rp juta) / in million IDR                                                                   (dalam Rp juta) / in million IDR                                                                                                         (dalam Rp juta) / in million IDR                                                                                                           (dalam Rp juta) / in million IDR

                                                                                                                                                                            Pelunasan
                                                                                                                                                                         Pokok Hutang
                                                                                                                             Mengambil Alih                                                                                                                             Mengambil Alih                                Mendanai                                                                                        Mengambil                                 Mendanai
        Jenis Penawaran                                                                                           Pelunasan                                                 Perseroan                                                                        Pelunasan
                                                                                                                                Hak Tagih                                                                                                                                  Hak Tagih                                Belanja Modal                                                                                   Alih Hak Tagih                            Belanja Modal
            Umum /             Tanggal Efektif /                                                                Pokok Hutang                                             efektif 25 Mei                                         Mendanai                   Pokok Hutang                                                                                                  Mendanai                       Pelunasan                                                                                                  Mendanai
No                                                                                                                              Perjanjian      Mendanai      Mendanai                                            Mendanai                                                 Perjanjian      Mendanai      Mendanai    ZHN (Nickel                           Mendanai                                                    Perjanjian    Mendanai     Mendanai     ZHN (Nickel                           Mendanai
         Type of Public         Effective Date                            Biaya Penawaran                        Perseroan /                                                  2023 /      Mendanai                           Belanja Modal                  Perseroan /                                                              Mendanai                         Belanja Modal                  Pokok Hutang                                                              Mendanai                         Belanja Modal
                                                                                                                                 Fasilitas     Modal Kerja Belanja Modal                                         Modal Kerja                                                Fasilitas     Modal Kerja Belanja Modal     Matte                             Modal Kerja                                                   Fasilitas   Modal Kerja Belanja Modal     Matte                             Modal Kerja
            Offering                               Jumlah Hasil Penawaran      Umum                             Repayment of                                             Repayment of Modal Kerja                             SIP (HPAL 1A)                Repayment of                                                             Modal Kerja                        SIP (HPAL 1A)                   Perseroan /                                                            Modal Kerja                        SIP (HPAL 1A)
                                                                                                                                Dukungan       Perseroan /      MTI /                                               SCM /                                                  Dukungan       Perseroan /      MTI /     Converter ) /                           SCM /                                                     Dukungan     Perseroan /      MTI /     Converter ) /                           SCM /
                                                          Umum /           (Lampiran 3) /   Hasil Bersih /           the                                                        the         ZHN /                                   /                           the                                                                    ZHN /                                 /                       Repayment of                                                                ZHN /                                 /         Jumlah /
                                                                                                                               Induk MTI /     Funding for   Funding for                                         Funding for                Jumlah / Total                Induk MTI /     Funding for   Funding for  Funding for                          Funding for                Jumlah / Total                   Induk MTI /   Funding for  Funding for   Funding for                          Funding for
                                                   Amount of Proceed from   Cost of Public Net Realization       Outstanding                                               Outstanding   Funding for                           Funding for                  Outstanding                                                             Funding for                         Funding for                 the Outstanding                                                           Funding for                         Funding for      Total
                                                                                                                              Take over the     Working        Capital                                            Working                                                Take over the     Working        Capital      Capital                             Working                                                  Take over the    Working       Capital       Capital                             Working
                                                     the Public Offering      Offering                            Principal                                                  Principal    Working                                Capital                     Principal                                                               Working                              Capital                        Principal                                                             Working                              Capital
                                                                                                                               Receivables    Capital of the Expenditure                                          Capital of                                              Receivables    Capital of the Expenditure Expenditure of                         Capital of                                                 Receivables Capital of the Expenditure Expenditure of                          Capital of
                                                                            (Appendix 3)                        Indebtedness                                              Indebtedness Capital of ZHN                        Expenditure of                Indebtedness                                                            Capital of ZHN                     Expenditure of                Indebtedness of                                                          Capital of ZHN                     Expenditure of
                                                                                                                              under Parent      Company        of MTI                                               SCM                                                  under Parent      Company        of MTI     ZHN (Nickel                             SCM                                                     under Parent    Company        of MTI     ZHN (Nickel                             SCM
                                                                                                                    of the                                                    of the                                         SIP (HPAL 1A)                     of the                                                                                                 SIP (HPAL 1A)                   the Company                                                                                               SIP (HPAL 1A)
                                                                                                                             Support Facility                                                                                                                           Support Facility                                Matte                                                                                           Support                                   Matte
                                                                                                                  Company                                                   Company                                                                          Company
                                                                                                                                 of MTI                                                                                                                                     of MTI                                    Converter)                                                                                    Facility of MTI                             Converter)
                                                                                                                                                                         effective on 25
                                                                                                                                                                            May 2023

 1               2                    3                      4                       5               6               7              8              9               10               11                 12            13            14            15             16              17            18             19              20                 21            22            23             24             25             26             27              28              29                 30           31            32            33


     Penawaran Umum
 1   Perdana Saham /            18 April 2023                    9.182.250           247.462        8.934.788      4.461.750        449.910       224.716          804.131        1.117.976            625.435       536.087       714.783      8.934.788      4.461.750        449.910       267.599        749.500       1.117.976            624.413       401.728            -       8.072.876             -              -         (42.883)         54.631                0            1.022       134.359       714.783      861.912
     Initial Public Offering


     Jumlah / Total                                              9.182.250           247.462        8.934.788      4.461.750        449.910       224.716         804.131         1.117.976            625.435       536.087       714.783     8.934.788      4.461.750         449.910       267.599        749.500       1.117.976            624.413       401.728            -       8.072.876             -              -         (42.883)         54.631                0            1.022       134.359       714.783      861.912



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Jakarta, 30 Juni / June 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    PT Merdeka Battery Materials Tbk




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Devin Antonio Ridwan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Presiden Direktur / President Director


Paraf/Initial :
Page 3
                                                                                                                                        Lampiran / Appendix 2
                                                                                         Realisasi Penggunaan Dana menurut Prospektus / Realization of the Appropriation of Funds in accordance with Prospectus
                                                                                                               untuk Periode sampai dengan 30 Juni 2024 / for the Period until 30 June 2024


                                                                                                            Keterangan /                                                                                                             Rencana (Rp) /          Realisasi (Rp) /       Lebih / (Kurang) (Rp)                            Penjelasan /
No
                                                                                                            Description                                                                                                                Plan (IDR)           Realization (IDR)        More / (Less) (IDR)                             Description

1. Sekitar 53,0% akan digunakan oleh Perseroan untuk pembayaran lebih awal untuk seluruh pokok utang yang timbul berdasarkan Perjanjian Fasilitas Berjangka US$300.000.000, yang akan dibayarkan kepada MDKA dan ING                    4.461.750.000.000       4.461.750.000.000                      -       Konversi Rupiah ke US$ dilakukan beberapa kali dengan rata-
   Bank N.V., cabang Singapura (“ING Bank”), masing-masing sebesar US$225.000.000 dan US$75.000.000, melalui ING Bank sebagai Agen. MDKA merupakan Afiliasi Perseroan sedangkan ING Bank bukan merupakan Afiliasi                                                                                              rata kurs US$1 = Rp14.872,5.
   Perseroan.                                                                                                                                                                                                                                                                                                  Conversion of Rupiah to US$ was carried out multiple times
   Approximately 53.0% by the Company for early repayment of the outstanding principal indebtedness under the US$300,000,000 Facility Agreement, which will be paid to MDKA and ING, amounting to US$225,000,000 and                                                                                           with an average exchange rate of US$1 = IDR14,872.5 .
   US$75,000,000, respectively, through ING as Agent. MDKA is an affiliate of the Company and ING is not an affiliate of the Company.

2. Sekitar 6,0% akan digunakan oleh Perseroan untuk mengambil alih hak tagih sebesar US$30.000.000 atau setara Rp447,4 miliar yang timbul dari Perjanjian Fasilitas Dukungan Induk tanggal 23 Agustus 2022 yang diberikan                 449.910.000.000         449.910.000.000                      -       Konversi Rupiah ke US$ dilakukan dengan kurs US$1 =
   oleh MDKA kepada PT Merdeka Tsingshan Indonesia (“MTI”), sehingga Perseroan, setelah pengalihan hak tagih dari MDKA, akan memiliki hak tagih kepada MTI sebesar US$30.000.000 atau setara Rp447,4 miliar dengan                                                                                             Rp14.997,0.
   syarat dan ketentuan yang sama dengan Perjanjian Fasilitas Dukungan Induk.                                                                                                                                                                                                                                  Conversion of Rupiah to US$ use the exchange rate of US$1
   Approximately 6.0% will be used by the Company to take over the receivables amounting to US$30,000,000 or equivalent to IDR447.4 billion under the Parent Support Facility Agreement dated August 23, 2022 provided by                                                                                      = IDR14,997.0.
   MDKA to MTI, hence the Company will own receivables to MTI amounting to US$30,000,000 or equivalent to IDR447.4 billion with the same terms and conditions as stipulated in the Parent Support Facility Agreement.


3. Sekitar 2,0% akan digunakan oleh Perseroan untuk modal kerja antara lain untuk biaya karyawan, biaya jasa profesional dan biaya keuangan.                                                                                              224.715.853.937         267.598.851.082          (42.882.997.145) Dana hasil penawaran umum perdana saham yang berasal
   Approximately 2.0% will be used by the Company for working capital purposes, including among others, salary and wage costs, professional service fees and financial fees.                                                                                                                                dari saham baru dikarenakan kelebihan pemesanan pada
                                                                                                                                                                                                                                                                                                            penjatahan terpusat sebesar Rp46,0 miliar dialokasikan
                                                                                                                                                                                                                                                                                                            kepada item penggunaan dana ini.
                                                                                                                                                                                                                                                                                                            The proceeds from the initial public offering which came
                                                                                                                                                                                                                                                                                                            from new shares due to oversubscriptions on pooling
                                                                                                                                                                                                                                                                                                            allotment of IDR46.0 billion were allocated to this item of
                                                                                                                                                                                                                                                                                                            use of proceeds .



4. Sekitar 9,0% akan dipinjamkan kepada MTI yang selanjutnya akan digunakan untuk membiayai sebagian kebutuhan belanja modal yang timbul dari pembangunan Proyek AIM I, yang dijadwalkan akan memulai produksi                            804.130.945.663         749.500.000.000          54.630.945.663
   pada pertengahan kedua tahun 2023.
   Approximately 9.0% will be lent by the Company to MTI for part of the capital expenditure related to the construction of the AIM I Project, which is scheduled to start production in the second half of 2023.

5. Sekitar 9,0% akan digunakan oleh Perseroan untuk pembayaran kembali atas pokok utang yang telah dicairkan sebesar US$75.000.000 berdasarkan Perjanjian Pinjaman US$175.000.000 yang berlaku efektif pada tanggal 25                  1.117.975.945.663       1.117.975.945.663                          0
   Mei 2023 yang akan dibayarkan kepada MDKA. MDKA merupakan Afiliasi Perseroan yakni pengendali Perseroan.
   Approximately 9.0% will be used by the Company for repayment of the disbursed debt principal amounting to US$75,000,000 based on the US$175,000,000 Loan Agreement Facility which is effective on May 25 2023
   which will be paid to MDKA. MDKA is an Affiliate of the Company, the controller of the Company.

6. dan (ii) sekitar 7,0% akan digunakan untuk modal kerja, meliputi antara lain pembelian bahan baku utama, bahan baku pembantu, biaya listrik, serta biaya karyawan.                                                                     625.435.179.960         624.413.183.700            1.021.996.260
   And (ii) approximately 7.0% for working capital, including among others, the purchase of main raw materials, auxiliary raw materials, electricity costs, as well as salary and wage costs.

7. Sekitar 6,0% akan dipinjamkan kepada SCM yang selanjutnya akan digunakan untuk modal kerja, meliputi antara lain biaya karyawan, biaya jasa profesional, pembayaran royalti ke kas negara, biaya pengangkutan dan                      536.087.297.109         401.727.877.200         134.359.419.909
   bongkar muat, biaya pemeliharaan dan perbaikan, serta biaya penambangan.
   Approximately 6.0% will be lent to SCM for working capital purposes, including among others, salary and wage costs, professional service fees, royalty fees to the state treasury, transportation and loading and unloading
   costs, maintenance and repair costs as well as mining costs.

8. Sisanya akan dilakukan untuk penyetoran modal kepada PT Merdeka Industri Mineral (“MIN”) yang selanjutnya akan digunakan untuk penyetoran modal dan pemberian pinjaman kepada PT Sulawesi Industri Parama                              714.783.062.811                       -         714.783.062.811
   (“SIP”) masing-masing sebesar 50%. SIP akan menggunakan dana tersebut untuk membiayai sebagian kebutuhan belanja modal yang timbul dari pembangunan fase pertama dari pabrik HPAL pertama yang berkapasitas 60
   kilo ton per tahun (“ktpa”) (“HPAL 1a”) di IKIP. Proyek ini merupakan bagian dari strategi usaha Grup MBM agar semakin terlibat dalam rantai nilai bahan baku strategis dan ke depannya dalam rantai nilai baterai
   kendaraan bermotor listrik.
   The remainder will be utilized for capital injection to MIN, which will then be used for capital injection and provision of loan to PT Sulawesi Industri Parama ("SIP") for 50% respectively. SIP will use such fund to finance
   part of the capital expenditure needs arising from the construction of our first HPAL factory with capacity of 60 ktpa ("HPAL 1a") at IKIP. This project is part of business strategy of MBM Group to be more involved in the
   strategic materials value chain and in the future in the EV battery value chain.


                                                                                                         Jumlah / Total                                                                                                                 8.934.788.285.143       8.072.875.857.645         861.912.427.497
Page 4
                                                                       Lampiran / Appendix 3
                          Rincian Biaya Pelaksanaan Penawaran Umum Perdana Saham / Detail of Cost Incurred from the Initial Public Offering
                                              untuk Periode sampai dengan 30 Juni 2024 / for the Period until 30 June 2024

                                        Jenis Biaya Penawaran Umum Perdana Saham /                       Rencana (Rp) /               Realisasi (Rp) /       Lebih/ (Kurang) (Rp) /
No.
                                              Type of Cost of Initial Public Offering                      Plan (IDR)                Realization (IDR)        More / (Less) (IDR)
1.    Biaya Jasa Penjaminan /                                                                   0,400%              36.728.999.682          34.508.535.461             2.220.464.221
      Underwriting Fee

2.    Biaya Jasa Penyelenggaraan /                                                              0,400%              36.728.999.682          38.128.200.000            (1.399.200.318)
      Management Fee

3.    Biaya Jasa Penjualan /                                                                    0,400%              36.728.999.682          34.508.196.339             2.220.803.343
      Selling Fee

4.    Biaya Insentif Discretionary /                                                            1,050%              96.413.624.165          75.095.278.041            21.318.346.124
      Discretionary Incentive Fee

5.    Biaya Jasa Profesi Penunjang Pasar Modal /                                                0,258%              23.690.204.795          22.329.545.598             1.360.659.197
      Capital Market Supporting Profession Fee

6.    Biaya Jasa Lembaga Penunjang Pasar Modal /                                                0,004%                367.289.997             215.820.000                151.469.997
      Capital Market Supporting Institution Fee

7.    Biaya Lain-lain /                                                                         0,183%              16.803.517.355          40.776.922.334           (23.973.404.980)
      Other Fees


                                                    Jumlah / Total                              2,695%             247.461.635.357        245.562.497.773              1.899.137.584
Page 5
                                                             Lampiran / Appendix 4
              Rincian Sisa Dana yang Berasal dari Dana Hasil Penawaran Umum / Detail of Remaining Fund from the Public Offering
                                  untuk Periode sampai dengan 30 Juni 2024 / for the Period until 30 June 2024

                                         Nama Bank /                                         Nilai dalam satuan Rupiah*) /      Periode /      Tingkat Suku Bunga /     Hubungan dengan Emiten /
 No.
                                         Bank's Name                                              Amount in Rupiah *)            Period            Interest Rate         Relationship with Issuer
  1    Saldo Bank dalam bentuk Giro Rupiah dan USD:
       Bank's balance is in the form of Giro in IDR and USD:
                Bank UOB Indonesia /
                                                                                        Rp                  605.251.539.815   30 Juni 2024 /          5,00%           Pihak ketiga /
                UOB Indonesia
                Bank OCBC NISP /                                                                                                                                      Third party
                                                                                        Rp                  300.002.250.335   30 June 2024            4,50%
                OCBC NISP


                                    Jumlah / Total                                      Rp                  905.253.790.150
Catatan / Note :
Termasuk dana yang belum digunakan untuk biaya pelaksanaan Penawaran Umum Perdana Saham.
Including allocated fund which haven't been used for cost incurred from the Initial Public Offering.

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linked org Merdeka Battery Materials Tbk p.1 ×11
linked person Deny Greviartana Wijaya · Sekretaris Perusahaan / Corporate Secretary p.1
linked person Devin Antonio Ridwan p.2
linked org Bank UOB Indonesia p.5
linked org Bank OCBC NISP p.5
possible org PT Bursa Efek Indonesia p.1
unresolved org Otoritas Jasa Keuangan Republik Indonesia p.1
unresolved org PT Merdeka Tsingshan Indonesia p.3
unresolved org PT Merdeka Industri Mineral p.3
unresolved org PT Sulawesi Industri Parama p.3 ×2

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