Speculations Surrounding Alibaba

Shareholders of Surya Citra Televisi (SCMA), parent of SCTV and Indosiar TV stations, have approved a plan to gradually selling 1.4 billion new shares to strategic investors within two years time. At Rp2446 per share, SCMA will collect Rp3.58 trillion, portion of which will likely be used for acquisitions.

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