Brief: Asia Vision Network Signs Agreement To Combine With Malacca Straits Acquisition Company Limited
22/03/2021 11:46
March 22 (Reuters) - Malacca Straits Acquisition Co Ltd
MLAC.O :
* ASIA VISION NETWORK, INDONESIA’S FASTEST GROWING OTT MEDIA
PROVIDER, SIGNS AGREEMENT TO COMBINE WITH MALACCA STRAITS
ACQUISITION COMPANY LIMITED
* MALACCA STRAITS ACQUISITION CO LTD - TRANSACTION IMPLIES A
PRO-FORMA ENTERPRISE VALUE OF $573 MILLION
* MALACCA STRAITS ACQUISITION CO LTD - AVN WILL CONTINUE
AFTER
COMBINATION AS A NEW INDONESIAN US-LISTED HOLDING CO AND IS
EXPECTED TO TRADE ON NASDAQ
* MALACCA STRAITS ACQUISITION CO LTD - TRANSACTION HAS NO
MINIMUM
CASH CLOSING CONDITION
Source text for Eikon: ID:nGNX69MxcZ
Further company coverage: MLAC.O
((Reuters.Briefs@thomsonreuters.com;))