Bakrie Sumatera goes to investors for more cash
Tuesday December 15 2009
INDONESIAN plantation firm PT Bakrie Sumatera Plantations said on Tuesday it plans to raise Rp4.97trn ($526.5m) from a rights issue in January.
Bakrie Sumatera plans to offer five shares for every existing two shares and it has appointed investment bank PT Danatama Makmur as a standby buyer.
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