JAKARTA - The Salim Group through PT Indofood Sukses Makmur Tbk (INDF) continues to obtain total control of Indofood Agri Resources Ltd (IFAR) (IndoAgri) after the failed tender offer last June.
Not long ago, Indofood purchased 12,753,000 IndoAgri shares for S$ 4.11 million.
According to the information disclosure on the Singapore Exchange, the transaction was held during the period of 8-16 July and 1-5 August 2019.
It means that the average purchase price of IndoAgri shares is S$ 0.325 per share, lower than the price used in the tender offer of S$ 0.3275 per share.
On 6 August, Indofood purchased 1,845,200 IndoAgri shares for S$ 599,690. (ARM/AR)