(Bloomberg) -- Shares of PT Sampoerna Agro, an
Indonesian oil palm grower controlled by billionaire Putera
Sampoerna, surged as much as 43 percent on their debut in
Jakarta amid rising investor interest in the commodity.
The company, based in Palembang, south Sumatra, raised 1.08
trillion rupiah ($120 million) selling 461.35 million new shares,
equivalent to a 24.4 percent stake, earlier this month, the
Jakarta Stock Exchange said in a statement. Sampoerna Agro has
said it plans to use the proceeds for expansion and cutting debt.
Read more at Bloomberg Commodities News
Indonesian oil palm grower controlled by billionaire Putera
Sampoerna, surged as much as 43 percent on their debut in
Jakarta amid rising investor interest in the commodity.
The company, based in Palembang, south Sumatra, raised 1.08
trillion rupiah ($120 million) selling 461.35 million new shares,
equivalent to a 24.4 percent stake, earlier this month, the
Jakarta Stock Exchange said in a statement. Sampoerna Agro has
said it plans to use the proceeds for expansion and cutting debt.
Read more at Bloomberg Commodities News
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