ABN to secure investors for 40% stake

Network: ABN, which was unveiled in mid-2013, has drawn down RM206mil from its bank facilities.

PETALING JAYA: Asian Broadcasting Network (M) Sdn Bhd (ABN) expects to secure potential investors for a stake of up to 40% within the next two months.

According to sources familiar with the matter, a local bank together with an international firm have been mandated to undertake the deal where the investors would come in with fresh capital in exchange for an equity stake.