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Article: RIGHTS ISSUE OF PT BUDI ACID OVERSUBSCRIBED.
- Article from:
- AsiaPulse News
- Article date:
- July 20, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JAKARTA, July 20 Asia Pulse - The rights issue offer by publicly listed tapioca flour producer PT Budi Acid Jaya (JSX:BUDI) was oversubscribed with demand reaching Rp440 billion (US$48.4 million), exceeding its target of Rp369.45 billion.
Company Secretary Mawarti Wongso said the company will not increase the offer despite the strong ...