Tencent-backed Indonesia's MD Pictures plans to raise up to $150m via strategic deal

Tencent-backed Indonesia's MD Pictures plans to raise up to $150m via strategic deal

Manoj Punjabi, MD and CEO of MD Pictures

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.

Edited by: Joymitra Rai