JAKARTA -- Indonesian conglomerate MNC Group is hoping to raise $130 million through a listing of its video streaming and broadband subsidiary on the U.S. Nasdaq exchange, following a merger with blank-check company Malacca Straits Acquisition.
Asia Vision Network, a subsidiary of MNC, and Malacca announced on Monday a "definitive business combination agreement," with the combined company valued at $573 million. Malacca is a special purpose acquisition company that has been trading on tech-heavy Nasdaq since last July.
