More than half zeroed in $137m Surya Citra block
Many investors were disappointed on August 14 as a 50% increase option was not enough to satisfy demand for the sale of a block of shares in Indonesia’s Surya Citra Media. In the end, more than half were left empty handed in the Rph1.6tr ($137m) stake sale by the company’s parent, Elang Mahkota Teknologi (Emtek).
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