On Friday, 18 Feb11, Indofood Agri Resources (IndoAgri) announced after trading hours that it is exploring a listing of its 90% owned subsidiary, PT Salim Ivomas Pratama (SIMP) on the Indonesia Stock Exchange (IDX). Following the proposed listing, IndoAgri intends to retain SIMP as a subsidiary. The proposed listing will be subject to relevant regulatory and shareholders' approvals (including the approval of the shareholders of IndoAgri) and prevailing market conditions. There is no certainty or assurance that the proposed listing will be carried out. According to the announcement, IndoAgri is currently not in a position to make any detailed disclosure in relation to the proposed listing and will make further announcements of any material development on this matter as and when appropriate.
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