Indonesia: Dairy firm Ultrajaya raises $60m via private placement

Deal Street Asia – August 9, 2016

Beverage producer PT Ultrajaya Milk Industry Trading Company Tbk (ULTJ) has sold 197 million shares at Rp 4,000 ($0.30) apiece in a private placement raising $60 million. The transaction was led by American broker Decker & Co and Indonesia’s SucorInvest.