Investor selling 200 mln Golden-Agri shares-sources

Thu Nov 29, 2007 9:13pm EST
 
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SINGAPORE, Nov 30 (Reuters) - An unidentified institutional investor is selling around 200 million shares of Singapore-listed Golden Agri-Resources (GAGR.SI) at between S$1.76 and S$1.85 a share, market sources said on Friday.

Bankers said that CLSA is handling the sale, which would be worth around S$370 million ($256 million) if priced at the top end of the offer range.

At 0207 GMT, Golden Agri shares were down 5.6 percent at S$1.86 with almost 14 million shares traded. (Reporting by Melanie Lee, editing by Jan Dahinten)

 

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