{
    "success": true,
    "data": {
        "id": 1537110,
        "msgid": "qaf-to-convert-listing-1447893297",
        "date": "1997-10-04 00:00:00",
        "title": "QAF to convert listing",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "QAF to convert listing SINGAPORE (Reuter): Bread making company QAF Ltd said yesterday its plan to convert its Singapore dollar listing to U.S. dollar, in a bid to buy Indonesia's PT Indofood Sukses Makmur, had been approved by the Stock Exchange of Singapore (SES). The SES also approved QAF's 1-for-5 rights issue to partly finance the acquisition of a 50.1 percent stake in Indofood estimated to cost around S$2.75 billion (US$1.78 million), QAF said in a statement.",
        "content": "<p>QAF to convert listing<\/p>\n<p>SINGAPORE (Reuter): Bread making company QAF Ltd said<br>\nyesterday its plan to convert its Singapore dollar listing to<br>\nU.S. dollar, in a bid to buy Indonesia's PT Indofood Sukses<br>\nMakmur, had been approved by the Stock Exchange of Singapore<br>\n(SES).<\/p>\n<p>The SES also approved QAF's 1-for-5 rights issue to partly<br>\nfinance the acquisition of a 50.1 percent stake in Indofood<br>\nestimated to cost around S$2.75 billion (US$1.78 million), QAF<br>\nsaid in a statement.<\/p>\n<p>Both companies are controlled by Indonesia's Salim group. The<br>\nconditions imposed by SES will mean that QAF shares will<br>\neventually be quoted in U.S. dollars instead of Singapore<br>\ndollars.<\/p>\n<p>QAF shares were up one cent to S$1.06 at noon yesterday.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/qaf-to-convert-listing-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}