Visi Media Asia Says Debt-to-Equity Swap Fulfills Court-Approved Restructuring Obligations

• Visi Media Asia clarified its planned debt-to-equity swap will issue up to 43,087,334,600 Series C shares, diluting existing shareholders by 72.35%.
• Affiliated creditors Harta Abadi Jaya and Jayakarta Sugih Makmur will receive shares to settle debt under the court-ratified restructuring agreement.
• The issue price will be the higher of IDR 40 or the 25-trading-day average closing price before the additional-share listing application.
• Free float will fall to 15.04% from 49.36% following the placement.
• If shareholders reject the plan, management will seek another vote; failure to fulfill restructuring obligations could trigger bankruptcy proceedings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Visi Media Asia Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32168950) on October 23, 2026, and is solely responsible for the information contained therein.