Pokphand's stake in RI firm

Pokphand's stake in RI firm

HONG KONG (Reuter): Agricultural products trader and feedmill
and poultry operator C.P. Pokphand Co Ltd said it bought 1.7
million shares, or a 3.24 percent stake, of P.T. Charoen Pokphand
Indonesia from PT Central Pertiwi for Rp 15.43 billion.

PT Charoen, listed in Jakarta and Surabaya, is an Indonesian-
incorporated company engaged in poultry and shrimp feed
production and poultry breeding.

C.P. Pokphand has an attributable 43.3 percent stake in P.T.
Central Proteinaprima, which holds 55.5 percent of C.P. Charoen.

P.T. Central is a wholly-owned subsidiary of a company
controlled by Dhanin Chearavanot and Sumet Jiaravanon, directors
and substantial shareholders of C.P. Pokphand. Sumet Jiaravanon
is also a substantial shareholder of P.T. Charoen.