Tencent-backed Indonesian film production company PT MD Pictures Tbk is looking to raise up to $150 million in the next six months via a rights issue and debt to support the company’s next phase of expansion, according to a top executive.
The country’s first publicly listed film company is planning to offload around 20% stake through the rights issue, and it is seeking to raise a total of around $300 million over the next two years, MD and CEO Manoj Punjabi told DealStreetAsia in a recent interaction.