Indonesian film and TV production company MD Pictures, whose initial public offering opens on the Jakarta Stock Exchange today, is looking to induct foreign partners as strategic investors in the medium term in a bid to create greater value for the company.
In an exclusive interview to DEALSTREETASIA, MD Pictures head Manoj Punjabi said: “Now that the negative investment list is opened up by the Indonesian government, we are interested in having right partners if it adds value. (We) can sell a part stake, if a player comes and together we can create bigger value for a different level of growth.”
