Charoen units to go private

Sat, 14 Aug 2004, 00:00 WIB | Source: JP

JAKARTA: Two subsidiaries of Thai conglomerate Charoen
Pokphand Group plan to go private next month by buying its entire
shares currently owned by the public.

The two companies are animal feed producer PT Central
Proteinaprima and animal health products producer and distributor
PT Surya Hidup Satwa.

In its reports to the Jakarta Stock Exchange (JSX) on Friday
Central will buy its shares from public investors at Rp 350 per
share, with Surya Hidup at Rp 1,350. The two companies will offer
its shares from Aug. 9 until Sept. 10, with payment on Sept. 22.
-- JP

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