Photo: PT Elang Mahkota Teknologi Tbk

JAKARTA (TheInsiderStories) – Indonesian media group, PT Elang Mahkota Technology Tbk (IDX: EMTK), hoping to get fresh funds of around Rp 4.86 trillion (US$362.69 million) from the issuance of 564 million new shares or equivalent to 10% of the paid-up capital of PT Surya Citra Media Tbk (IDX: SCMA). Sutanto Hartono, Vice President Director of Emtek, explained that the fund will be used for business expansion. Emtek Group is an integrated group of companies with three main business divisions: Media, Telecommunications and IT Solutions, and Connectivity.

US$1: Rp 13,400