Colorful fruit candy gummies bear ready to have a meal
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Tycoon Husodo Angkosubroto and his partner's family sold their 89.9% stake in Yupi Indo Jelly Gum to Hong Kong-based private equity firm Affinity Equity Partners for 18.4 trillion rupees ($1.1 billion) ($1.1 billion).
A few days after the company debuted on Bourse in Jakarta, the wealthiest clan in Indonesia and its partner Yupi Indo (Angkosubroto family) and its partners are exiting Yupi Indo. The company raised Rs 2 million from its IPO sale of 854 million shares.
According to the transaction, Sweets Indonesia (co-owned by respected investor Cipta Astana Gemilang and Yupi Indo presidential director Yohanes Teja and Indonesian investor Cipta Astana Gemilang, Yupi Indo's share price is AFFINITY. Register Wednesday night. According to data from the IPO prospectus, Affinity had agreed to the transaction in November, which was planned to be completed after the company went public.
Yupi Indo's shares traded in Jakarta at Rs 2,310 on Thursday morning, and its IPO price fell 3.3%. The West Java-based company will sell its candy in Southeast Asia and 36 other countries, using the proceeds of the IPO to fund working capital and expand production capacity, including the construction of a new Rs 43,700 crore plant in Nganjuk, about 700 kilometers east of Jakarta.
Angkosubroto, whose family has a net worth of about $1.3 billion Forbes“Data, the late father Go soi Kie inherited the Gunung Sewu Group, which Soei Kie established in 1953 as a commodity trader and then diversified into real estate and agriculture.
