IndoAgri sells 8% stake in Lonsum at IDR11,600

Wandrik Panca Adiguna
Wandrik Panca Adiguna - 08 Desember 2010  |  08:35 WIB

JAKARTA: Indofood Agri Resources Pte Ltd (IndoAgri) today has disposed 8.02% holding or 109.52 million shares in palm oil maker PT PP London Sumatra Indonesia Tbk (Lonsum) at Rp11,600 per share or IDR1.27 trillion.

The private placement was done today via crossing transaction at the market arranged by Kim Eng Securities.The shares sale was held at a 4.31% discount from this morning's market level of Rp12,100 per share.

Lonsum now dropped 0.41% to IDr12,050 per share, sending its market share to IDR16.44 trillion with 19.07x price to earning ratio (PER). (wiw)

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