Indonesian re-IPO

Tempo Scan shareholder to sell up to $140 million of stock

The deal aims to increase the free-float in the Indonesian pharmaceutical and consumer products company from the current 5%. Meanwhile, Global Mediacom is getting ready to spin off its pay-TV unit.
<div style="text-align: left;"> Tempo Scan: treating Indonesia's back pain and other ailments since 1953 </div>
<div style="text-align: left;"> Tempo Scan: treating Indonesia's back pain and other ailments since 1953 </div>
May 08, 2012

The controlling shareholder of Tempo Scan Pacific is aiming to sell between Rp1,250 trillion and Rp1,325 trillion ($133 million to $141 million) of stock in the Indonesian pharmaceutical and consumer products and cosmetics company to help boost the portion of shares held by public investors.

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