The placement, which was arranged by CLSA, attracted good interest on the back of strong demand for crude palm oil CPO and rising CPO prices and ended about 1.6 times covered, according to a source. The demand was sufficient to have allowed the upsize option of 45 million shares to be exercised, but one of the vendors had wanted a price of at least S$1.80 per share and decided not to sell any additional paper. The final deal size therefore was equal to the base size of...
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