Aug 19, 2011

CIMB underwrites TPS Food rights issue

PT Tiga Pilar Sejahtera Food Tbk (TPS Food) has mandated PT CIMB Securities as a lead underwriter to arrange Rp700 billion rights issue scheduled in the fourth quarter of this year.
Corporate Secretary Yuliani Liyuwardi said initially, the company has talked with three potential underwriters for the rights issue.
"We have picked a single underwriter, but we can't disclose it. There were three potential underwriters, one of them is CIMB Securities," she said as quoted by Bisnis Indonesia today.
Soon after the appointment of the underwriter, TPS Food will submit documents of the rights issue to Bapepam-LK. "We plan to submit documents in October."

Disclosure: No position at the stock mentioned above.

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