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Value Partners will purchase MNCN shares

06 October 2020 12:25

JAKARTA - Value Partners Greater China High Yield Income Fund will inject funds into PT Media Nusantara Citra Tbk (MNCN) through a private placement on 13 October 2020.

As quoted from the company's disclosure on Tuesday (6/10), the private placement plan was approved by the company's shareholders at the Extraordinary General Meeting of Shareholders (EGMS) which took place on 24 June 2020. In the private placement, MNCN will issue 173,684,210 shares with an exercise price of Rp 855 per share.

The Value Partners Greater China High Yield Income Fund was founded in 1993 in Hong Kong. (LK/AR)

 
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