Linktone (LTON) Acquires Another 0.3% Stake im PT Global Mediacom for $5M
Linktone Ltd. (Nasdaq: LTON), has purchased $5 million of PT Global Mediacom Tbk common stock through open market block trades on the Jakarta Stock Exchange at a price of IDR 950 (approximately US$0.106 based on the exchange rate at the time of purchase).
Based on the purchase price, this $5 million investment represents approximately 0.3% of Global Mediacom's outstanding shares. Prior to this investment, Linktone owned approximately 2.2% of the outstanding shares of Global Mediacom.
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Based on the purchase price, this $5 million investment represents approximately 0.3% of Global Mediacom's outstanding shares. Prior to this investment, Linktone owned approximately 2.2% of the outstanding shares of Global Mediacom.
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