Marbridge Daily

<- December 21, 2010 ->

Linktone Buys USD 20 Mln in Secured Notes from Indonesian Firm

PR Newswire Asia, 12/20/10

Chinese wireless value-added service provider Linktone (Nasdaq: LTON) today announced it will purchase, through the secondary market, USD 20 mln worth of the senior secured guaranteed notes offered by Indonesian satellite company Aerospace Satellite Corporation Holding B.V., a wholly-owned subsidiary of PT MNC Sky Vision, which is the largest pay television operator in Indonesia and an affiliate of PT Media Nusantara Citra Tbk, the indirect majority shareholder of Linktone. The notes, due November 16, 2015, bear interest at a rate of 12.75% per annum, payable semi-annually in arrears.

 
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