PT Indofood Sukses Makmur Tbk (ISM)

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 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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