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IndoAgri packs IDR175.7 billion proceeds

JAKARTA: Indofood Agri Resources Ltd (IndoAgri), the subsidiary of PT Indofood Sukses Makmur Tbk that is listed in the Singapore exchange derived IDR175.7 billion from the disposition of its 9 million units of shares.Those stakes are the stocks being

JAKARTA: Indofood Agri Resources Ltd (IndoAgri), the subsidiary of PT Indofood Sukses Makmur Tbk that is listed in the Singapore exchange derived IDR175.7 billion from the disposition of its 9 million units of shares.Those stakes are the stocks being saved in the share buy-back account, said the Corporate Secretary of Indofood Resources, Mak Mei Yook through the press release yesterday.Such fresh fund will raise the total cash as it disposed 8% of shares in PT PP London Sumatra, valuing US$183.8 million or IDR1.27 trillion last December. (iaa/wiw)

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