Oil and gas firm Medco Energy (MEDC) has gained the approval from shareholders for private placement (selling shares to strategic investors) and for buying back shares (354.57 million units). MEDC will offer a maximum of 1.77 billion new shares, equivalent 10% of enlarged capital, at the price of Rp1,305 per share. Per March, MEDC has cash and cash equivalent of US$439.71 million.To subscribe please click here