JAKARTA (Yosefardi) – PT Golden Plantation, subsidiary of food producer PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA), plans to launch the initial public offering (IPO) for 20-30% shares and targets to raise Rp200-300 billion.
AISA had in March 28, 2014 acquired PT Golden Plantation. The IPO of Golden Plantation is scheduled for end of this year.
PT CIMB Securities is assigned as underwriter for the IPO. Golden Plantation will become holding company for plantation business. Golden will acquire Bumi Raya Investindo.