(October 22, 2012) – Pay-TV operator Astro Malaysia Holdings Bhd will use part of the proceeds from its initial public offer (IPO) of RM4.6 billion for capital expenditure (capex) and debt repayment, its chief executive officer Datuk Rohana Rozhan said.
“We have raised under RM5 billion, which is the primary and secondary offering, and the company has raised about RM1.4 billion of which RM750 million will be used for ongoing capex and RM500 will be utilised to repay debts,” she told reporters at Astro’s debut on the Main Board of Bursa Malaysia last Friday.
Read more at The Malaysian Reserve