PT Sierad Produce (SIPD) Tbk, once a feed and poultry player, is offering 2.11 billion new shares with preemptive rights at Rp520 per share. Interesting that PT Great Giant Pineapple and PT OCBC Sekuritas Indonesia are stand-by buyers of the rights issue, which would result in PT Great Giant Pineapple’s majority control in Sierad Produce.To subscribe please click here