Two weeks ago, PT Malindo Feedmill (MAIN) Tbk issued 96 million new shares to Ginger Company Ltd and Peak Team Co Ltd, reportedly controlled by Singapore-based private equity firm, at Rp3500 per share. Yesterday, MAIN shares ended slightly higher at Rp2990, already a 14% loss for the private equity. Of course, success or failure of the investment can only be assessed in five years time. But, first quarter 2014 results of MAIN were disappointing for some investors.
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