One of Indonesian tire maker PT Multistrada Arah Sarana Tbk (MASA) is holding a beauty contest to pick financial adviser, helping the company to consider the right strategy whether rights issue or seeking strategic investor.
A source close to the matter said Multistrada is considering HSBC Bank, ING, and Macquarie Securities. "They will come with recommendations in a month."
Disclosure: No position at the stock mentioned above.
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