Feb 18, 2011

Salim Ivomas Pratama to launch IPO

PT Salim Ivomas Pratama (SIMP), a 60.4% owned subsidiary of PT Indofood Sukses Makmur Tbk (INDF), today finally admitted a proposed initial public offering (IPO) at Indonesia Stock Exchange (IDX).
Indofood Director and Corporate Secretary Werianty Setiawan, in an official statement submitted to IDX today, said post IPO, Salim Ivomas remains a subsidiary of Indofood Sukses Makmur. The proposed IPO depends on approvals from related authorities, shareholders, and market circumstances. Please login or register to read the remaining story. 

Disclosure: No position at the stock mentioned above. 

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