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PT Indofood CBP Sukses Makmur Tbk (PIFFY)

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14.890.00 (0.00%)
At close: 12:54PM EST
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  • Reuters

    Indonesian tycoon Salim wins close shareholder vote on controversial $3 billion deal

    Indonesian tycoon Anthoni Salim narrowly won shareholder backing on Friday for a $3 billion takeover transaction between companies he controls, overcoming criticism about the deal's valuation and questions about corporate governance. First Pacific Co Ltd, Salim's holding company, said in a filing to the Hong Kong stock exchange that a takeover by its subsidiary Indofood CBP (ICBP) of Pinehill Company Ltd was approved by its independent shareholders at a special meeting where 52% of votes were cast in favour. ICBP is best known for the Indomie noodle brand and Pinehill is one of Indomie's distributors and manufacturers, in the Middle East and Africa.

  • Reuters

    SE Asia Stocks-Markets track overnight gains on Wall Street

    * Thai stocks at highest level since March 11 * Singapore shares trade flat By Nikhil Subba April 23 (Reuters) - Southeast Asian shares rose on Thursday, taking cues from Wall Street that rose overnight after oil prices recovered and the U.S. Congress looked set to approve a fresh fiscal package. The House of Representatives is expected to clear a relief package worth $484 billion later on Thursday, which would take the overall U.S. federal financial response to the coronavirus pandemic to almost $3 trillion. Aiding sentiment was a gain in oil prices amid signs that producers are cutting output to cope with a collapse in demand for fuel.