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BRIEF-Pigeon unit Pigeon Singapore Pte Ltd to raise stake in P.T. Pigeon Indonesia to 65 pct
April 17, 2017 / 10:02 AM / 7 months ago

BRIEF-Pigeon unit Pigeon Singapore Pte Ltd to raise stake in P.T. Pigeon Indonesia to 65 pct

April 17 (Reuters) - Pigeon Corp :

* Says co plans to transfer 35 percent stake in P.T. Pigeon Indonesia to its wholly owned unit Pigeon Singapore Pte Ltd, via investment in kind worth of 35.1 million yen

* Says the unit Pigeon Singapore Pte Ltd will buy another 3,000 shares (30 percent stake) in P.T. Pigeon Indonesia for $8.8 million, to raise stake in it to 65 percent after transaction

Source text in Japanese: goo.gl/Y0HXVI

Further company coverage: (Beijing Headline News)

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