Indofood Sukses Makmur Tbk PT (INDF)

Rating: BUY

Sold at Rp2,400/shares. - Kim Eng Report - 19 Aug, 2008

Corporate Secretary announced that Indofood has sold 251.8m shares at Rp2,400/shares, rising Rp604b, to a subsidiary of an investment firm Zurich Assets International Ltd.

The above represents 27.5% of Indofood treasury stocks, or 2.67% of total outstanding shares.
The placement price represents 26% premium from latest closing price, we expect positive sentiment from that.
Maintain BUY.

Today Indofood (INDF) Closing at 1910 with total value : 40.2 B

Posted by david pangaribuan on 6:19 PM. Filed under . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response