Will deal undo Indofood?
Article Abstract:
Indofood Sukses Makmur is investing $97.6 million for a 30% stake in Golden Agri-Resources, which some analysts feel puts Indofood at risk. The purchase will double Indofood's debt to about $1.2 billion and shift the majority of its earnings from consumer products to the more volatile palm oil sector.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Indofood's awaited moves are expected to aid stock
Article Abstract:
Indofood's announcement of acquiring another 11 Salim Group companies, which include a plantation unit, a major cooking-oil producer and Indofood's main distributor, is expected to boost stock performance. Investors have predicted that Salim Group will reasonably price the acquisitions to prevent objections from minority investors because setting a high price would mean punishing Indofood's stock. Indofood is planning to release the details of the planned acquisitions in February 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Indofood shares may be buoyed by sale; Salim's cloud on instant-noodle maker's stock should lift, some predict
Article Abstract:
Salim Group plans to sell its majority stake in Indofood Sukses Makmur to Hong Kong affiliate First Pacific and Nissin Food Products. The sale will not inject money into Indofood but will only effect a change in shareholders. It will not directly help Indofood cope with the $1 billion that it has incurred in debts. However, the sale will boost the confidence of investors toward Indofood and trigger further improvement in its shares.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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