This is lower than the 90% threshold after which it loses its free float.
SINGAPORE (May 27): PT Indofood Sukses Makmur Tbk is extending the closing date of the 28 cents per share offer for all the shares it does not own of Indofood Agri Resources by a month to June 25, 5.30pm, from May 24, 5.30pm, says CIMB Bhd.
As at 5pm on May 23, CIMB says shares owned, controlled or agreed to be acquired by Indofood Agri and its concert parties stood at 1.14 billion units. This is out of the 1.4 billion units of shares in issue and translates into a stake of 81.86%.
