MD Pictures to Receive IDR416Bn Funds from IPO Proceeds

MD Pictures expects to receive additional IDR416Bn funds from its upcoming initial public offering (IPO) plan, higher than initial target of IDR300Bn. The company is planning to issue 1.98Bn of shares at IDR210/share in IPO. Along with IPO process, the company also issue new shares through mandatory convertible bond (MCB) amounted to IDR25Bn. To subscribe please click here