Indonesia: Tempo Inti Media attracts interest from six strategic investors in $7m rights issue

Photo: REUTERS/Garry Lotulung

One of Indonesia’s largest media groups PT Tempo Inti Media Tbk is looking to raise Rp99.99 billion (nearly $7 million) through the issuance of new shares, it said in a prospectus filing with the Indonesia Stock Exchange (IDX) on Friday.

According to the prospectus, six strategic investors have shown interest and are willing to shell out Rp25 billion to absorb new shares issued by Tempo.

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