Plantation firm PT FAP Agri, controlled by owner of SGX-listed First Resources Ltd, launches the initial public offering (IPO) for 544.41 million shares, priced at Rp1,840 per unit, to raise Rp1 trillion. The company appointed PT BCA Sekuritas as underwriter for this IPO. The offering started on Monday (Dec 21) and will last Dec 23, 2020. Listing on stock exchange is set for January 4, 2021.To subscribe please click here