Anthoni Salim

Indofood Agri Resources gets 28 cents per share offer to delist

SINGAPORE (Apr 11): PT Indofood Sukses Makmur Tbk, the controlling shareholder of Indofood Agri Resources, wants to take the vertically integrated agribusiness group private and delist from the Singapore Exchange.

PT Indofood Sukses Makmur has made a 28 cents per share cash offer to Indofood Agri shareholders to acquire all the shares it does not own. Based on the some 1.4 billion shares issued, the offer values target Indofood Agri at $391 million.

China Minzhong Food surges on buyout offer

SINGAPORE (Sept 7): Shares of China Minzhong Food were up as high as 20% to $1.15 this morning.

This comes after a company controlled by Indonesian billionaire Anthoni Salim to buy all the shares in the vegetable processor that it does not already own.

China Minzhong Food says Marvellous Glory Holdings intends to make an offer to acquire all its shares if certain conditions are met by December.

China Minzhong receives joint privatisation offer from largest shareholder and CEO

SINGAPORE (Sept 7): China Minzhong Food Corporation (CMFC) has received an joint offer on behalf its largest shareholder and CEO to acquire the vegetable processing company with the intention of privatising and delisting the company.

Marvellous Glory Holdings, a special purpose vehicle for the offer, is acquiring all the shares it does not own for $1.20 in cash each or 76.65 cents plus 43.35 cents in principal amount of zero coupon mandatorily exchangeable bonds to be issued by the offeror.

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