Dec 8, 2010

IndoAgri disposes Lonsum at Rp11,600

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 (LSIP) at Rp11,600 per share.
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 the current market level of Rp12,100 per share.

Disclosure: No position at the stock mentioned above.  

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