Jakarta (ANTARA News/Asia Pulse) - Manufactured food producer PT Garudafood Putri Jaya said it has decided to put off its plan for an initial public offering until 2012.

Initially the company planned to launch an IPO this year, selling 20 per cent of its shares to raise Rp1 trillion (US$110 million) to finance expansion.

Garudafood postponed the plan as it is looking for strategic investors to join as new shareholders, its president Sudhamek AWS said. Sudhamek said there are more than 10 investors interested in acquiring a stake in the company.


Source:
Business in Asia Today - Jul. 29, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

Comment
Send Comment