PT MNC Vision Networks Tbk is in talks to merge Vision+, it’s streaming television business known to consumers as the “Netflix of Indonesia,” with blank-check company Malacca Straits Acquisition Co. (MLAC), according to people with knowledge of the matter.
Update(s)
July 14, 2020 — Malacca Straits Acquisition Company Limited (MLAC) announced today that it priced its initial public offering of 12,500,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “MLACU” beginning July 15, 2020. Each unit consists of one Class A ordinary share of the Company and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “MLAC” and “MLACW,” respectively.
March 22, 2021: Asia Vision Network and Malacca Straits Acquisition Company Limited (MLAC) have entered into a definitive business combination agreement.
September 7, 2021: Malacca Straits Acquisition Company Limited (MLAC) and Asia Vision Network announced that they have mutually agreed to terminate the business combination agreement which was originally entered into on March 21, 2021.