Wednesday, May 30, 2007

MNC Raise 3,01 trilion-3,92 trilion

PT Media Nusantara Citra, owner of Indonesia's most-watched television channel like TPI, RCTI. YV Global may raise 3,01 triliun - 3.92 trillion rupiah in the nation's second-
largest initial share sale.

The company, will sell 4.125 billion shares at between 730 rupiah and 950 rupiah apiece, Orias Petrus Moedak, managing director of PT Danareksa Sekuritas, which is helping sell the shares, said to me this night.

The share sale is the biggest since PT Bank Rakyat Indonesia raised 4.17 trillion rupiah in 2003.

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