JAKARTA (Yosefardi) – Investors focused buying shares of PT Indofood Sukses Makmur Tbk (INDF) this morning following report that INDF might sell Minzhong Food. INDF gained 4.8% to Rp7075 per share at 9.43 am Jakarta time.
China Minzhong Holdings Limited has notified China Minzhong Food Corporation Limited about a plan to acquire 52.94% shares from INDF for S$416.4 million, equivalent Rp3.9 trillion.
Meanwhile shares of coal miner Berau Coal jumped 6.35% after report it has won an arbitration tribunal in Singapore against its former CEO Rosan P Roeslani.
Berau Coal, controlled by London-listed Asia Resource Minerals Plc, has been struggling to refinance its US$450 million Notes due next July.