Wednesday, November 22, 2006

Indofood ownership at Salim Invomas further diluted

Ownership of PT Indofood Sukses Makmur Tbk in plantation subsidiary PT Salim Ivomas Pratama would decrease from 83.84% to 60.45% as a result of reverse takeover transaction through an exchange by Indofood Singapore Holdings Pte (ISHPL) on all shares in Indofood Oil & Fats Pte Ltd which owns 90% shares of Salim Ivomas, with approximately 98.67% shares of Cityaxis Holdings (to be changed to Indoagri) by placement of new Indoagri shares owned by ISHPL.

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