Oct 5, 2010

Modernland aims Rp1.2t rights issue

Property developer PT Medernland Realty Tbk (MDLN) intend to hold rights issue in January in a bid to snap up Rp1.2 trillion cash.
A source familiar with the matter said the company is estimated to set the exercise price at Rp250-Rp300 per share.   

Disclosure: No position at the stock mentioned above.

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