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IndoAgri directors who recommended lowball privatisation offer to seek re-election at AGM

Shares in IndoAgri have outperformed since minorities rebuffed offer, as parent group buys in the market; and any new offer will have to satisfy stricter SGX rules

Ben Paul

Ben Paul

Published Sun, May 31, 2020 · 09:50 PM

AT INDOFOOD Agri Resources' (IndoAgri) annual general meeting (AGM) scheduled for June 16, three of the four directors who recommended that minority investors accept the lowball privatisation offer from the company's parent last year will be seeking re-election.

As a minority shareholder of IndoAgri, I am inclined to vote against the resolutions to re-elect them.

To be clear, I am not sugge…

SEE ALSO

IndoAgri full-year profit down 20.2% from lower selling prices, despite H2 inch up

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