Lippo's unit seek HK listing

Lippo's unit seek HK listing

HONG KONG (Dow Jones): Across Asia Multimedia Ltd., which is
80 percent-owned by Indonesia-based Lippo Group, will raise up to
HK$612 million from a floatation on Hong Kong's Growth Enterprise
Market, an underwriting source told Dow Jones Newswires Monday.

The Hong Kong-based company will place 180 million shares
between HK$3 to HK$3.40 each with institutional investors.

The company has a green shoe of 15 percent to issue an
additional 27 million shares, in the event of exceptional demand.
The issue size represents 3.55 percent of the company's enlarged
share capital.

Book building kicks off June 28 and ends July 7. Dealing of
shares will start July 13.

Its assets include a controlling stake in Jakarta-listed
computer equipment retailer Multipolar Corp. (P.MUL)

It also has a controlling stake in cable operator Broadband
Multimedia.