SURYA CITRA MEDIA (SCMA), controlled by the Sariaatmadja Family, is to launch a private placement for 1.46 billion shares, representing 10% of its enlarged capital, priced at about Rp2446, to raise total proceeds of Rp3.57 trillion. The Company will hold a shareholders’ extraordinary meeting (EGM) in February 20, to seek approval on the proposed private placement.To subscribe please click here