Dec 13, 2011

Shareholder disposes MNC shares

A shareholder of PT Media Nusantara Citra Tbk (MNC) sold 350 million shares of the Indonesian media company at Rp1,270 rupiah apiece through a placement yesterday, said Richard Taylor, Hong Kong-based senior managing director at CLSA Asia-Pacific Markets.    
"CLSA was the sole bookrunner in the placement by an undisclosed shareholder," Taylor said in an e-mailed message today, as quoted by Bloomberg.

Disclosure: No position at the stock mentioned above.

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