MediaBanc Mulls Listing To Fund Merger, Acquisition Plans
MediaBanc (M) Sdn Bhd may opt for public offering to fund its second round of merger and acquisition (M&A) in the region. This was confirmed by its Chief Executive Officer, Alan Lim, "We are currently raising funds for our organic expansion and the first round of M&A within the region." Lim also confirmed that the company is already in talks with several parties regionally for the second of merger and acquisition.
"The fund raising is an 18th month exercise and at the end of it we would love to take the company for initial public listing and grow even bigger." These steps aim to capture the North Asian market, specifically China, and India which in total, has a total population of four billion. Alan Lim said, the company will make the announcement in due time.
For now, MediaBanc still leads in the media monitoring market in the Southeast Asia region, a market which is expected growth at 20% to 30% annually.