Kencana Agri Singapore IPO: Indonesia: Finance Trading Times

Kencana Agri Singapore IPO: Indonesia

A new IPO is set to hit the Singapore capital markets. The IPO or initial public offering belongs to Indonesian palm oil producer Kencana Agri Limited, which is based in Indonesia.
Kencana Agri Singapore IPO
What is the expected size of the Kencana Agri Singapore IPO?
The Kencana Agri Singapore IPO is expected to raise around 55 million Singapore Dollar (S$) from the Kencana Agri Singapore IPO.

How many shares will be sold through the Kencana Agri Singapore IPO?
A total of 200 million shares will be sold through the Kencana Agri Singapore IPO.

What is the price per share of Kencana Agri Singapore IPO?
The Kencana Agri Singapore IPO shares are priced at S$0.305 per share.

How is the Kencana Agri Singapore IPO issue structured?
Of the shares available for sale, 186.6 million will be sold via placement, 12.10 million will be reserved for employees and business associates, while 600,000 will be sold through the internet.
Kencana Agri Limited (Kencana Agri), formerly Kencana Agri Pte. Ltd., is a Singapore-based company engaged in the production of crude palm oil (CPO) and crude palm kernel oil (CPKO) in Indonesia, with oil palm plantations located in the Sumatera and Kalimantan regions. As of June 16, 2008, the Company’s total land bank was 95,410 hectares and its total planted area was 24,349 hectares. Kencana Agri has two palm oil mills and two kernel crushing plants, with one of each located on Bangka Island in Sumatera and in South Kalimantan, respectively. Its palm oil mills have a total production capacity of 120 metric tons/hour, and its kernel crushing plants have a combined production capacity of 435 metric tons/day. The Company also operates a renewable biomass power plant on Bangka Island, which generates electricity by utilizing waste recycled from the CPO production process. Most of the electricity generated is sold to PT Perusahaan Listrik Negara, a state-owned electricity company.

Where will the capital raised from Kencana Agri Singapore IPO be used by the company?
The fund raised from Kencana Agri Singapore IPO will be used to expand its plantation and palm oil milling capacity.

What is the listing date or trading date of Kencana Agri Singapore IPO shares?
Kencana will start trading on the Singapore Exchange on July 25, 2008.
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