indoagri-boosts-freefloat-to-25

IndoAgri boosts freefloat to 25%

The Singapore-listed Indonesian producer of edible palm oil products sells a maximium number of shares at the highest price.
February 07, 2007
Singapore-listed Indofood Agri Resources has raised the maximum S$422.5 million $270 million it sought from a fully-marketed share offer that will lift its freefloat to 25%, according to a release issued by the company yesterday.

The announcement came after sources said the integrated palm oil producer, which is based in Indonesia, had attracted demand for more than 20 times the shares on offer from over 200 investors. The majority of the demand came from Southeast Asia and Hong Kong and included a lot of private banking investors. But one source says as much as 20%-25% of the interest was generated from Europe and the UK.

ôSome of the demand came from people who were...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222