Singapore IPO

Bumitama Agri's Singapore IPO attracts strong order flow

The Indonesian crude palm oil producer is seeking to raise up to $176 million, with more than 40% of the shares set aside for cornerstone investors.

<div style="text-align: left;"> Harvesting of palm oil fruits at a plantation in Indonesia (AFP) </div>

Anette Jönsson

March 29, 2012

Investors are said to be flocking to Bumitama Agri’s initial public offering in Singapore – the first new listing of size in the Lion City this year.

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