Dec 30, 2010

Beyond Media boosts stake in Mahaka

PT Beyond Media, controlling shareholder or PT Mahaka Media Tbk (ABBA), has enlarged shareholding by pursharing 93.49 million shares in the market.
In an official statement submitted to Indonesia Stock Exchange recently, Beyond Media bought the shares at IDR95 per share, representing IDR8.88 billion during on December 22 2010.
Beyond Media intended to put more investment in Mahaka Media. Post shares purchase, Beyond Media remains a controlling shareholder in Mahaka Media by holding 1.66 billion shares or 60.28%.

Disclosure: No position at the stock mentioned above.
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