Sunday, December 2, 2007

Golden Agri shareholders take profit

Shareholders in Golden Agri Resources have raised a combined S$400.5 million ($277 million) from the sale of shares in the Indonesia-based crude palm oil producer.

The final deal size therefore was equal to the base size of 225 million shares.The shares were offered in a range between S$1.76 and S$1.85 and were priced at S$1.78 as the positive sentiment.

Golden Agri is an integrated plantation company and the producer of cooking oil of Filma and Kunci Mas.

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