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The price of Mahaka Media shares rises sharply ahead of its election dispute announcement

27 June 2019 11:38

JAKARTA - The price of the shares of PT Mahaka Media Tbk (ABBA), a company owned by Erick Thohir, Chair of the National Campaign Team for presidential and vice presidential candidate Joko Widodo-Ma'ruf Amin, rose sharply ahead of the announcement of the ruling of the election dispute on  Thursday (27/6/2019)

According to the plan, the ruling will be announced by the Constitutional Court (MK) today at 12:30.

The price of ABBA shares gave a positive signal by rising sharply to Rp 197 per share, 28.76% higher than the price at the end of trading on Wednesday (26/6) of Rp 153 per share.

Mahaka Media is a company engaged in the media and advertising business, with Republika as one of its products. (ARM/AR)

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