Indonesia's Japfa planning S'pore IPO: sources

Singapore

JAPFA Ltd, controlled by Indonesia's Santosa family, plans to raise at least US$250 million from an initial public offering in Singapore, said people with knowledge of the matter.

The company is currently gauging investor demand for the share sale and plans to start marketing it this month, said the people, who asked not to be identified as the process is private. Credit Suisse Group AG and DBS Group Holdings Ltd are managing the offer, they said.