Jakarta (ANTARA News) - Singapore media firm, MediaCorp, said it has acquired a 6.5 pct stake in PT Media Nusantara Citra (MNC), the owner of Indonesia's biggest TV station, RCTI.
The shares were purchased from MNC's recent initial public offering, MediaCorp chief executive Lucas Chow said.
MNC said it sold 4.13 bln shares in the float, equivalent to 30 pct of its enlarged capital, at a price of 900 rupiah each. Proceeds from the offer totaled 3.71 trln rupiah.
Separately, MNC president Hary Tanoesoedibjo said that his firm will work with MediaCorp in order to expand its business in the Asia Pacific region.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.