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From Russia's Don Agro to SGX's Catalist with love
The wheat and raw milk producer plans to use IPO proceeds to expand land bank, among others
Published Wed, Feb 12, 2020 · 09:50 PM
Singapore
AGRI and dairy firm Don Agro International is hoping to get some love as it makes a Valentine debut on Singapore Exchange's Catalist on Friday and becomes the first Russian firm to list its shares on the local bourse.
The S$5.1 million initial public offering (IPO) involving new placement shares priced at 22 Singapore cents a piece is a big deal for the firm, which operates winter wheat, sunflower and dairy cattle farms in southern Russia's black-soil blessed Rostov region.
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