Recalculate TPS Food’s Valuation after Divestment

PT Tiga Pilar Sejahtera Food, Tbk (AISA IJ) planning to divest its rice production subsidiary. The company will take off 70% of its subsidiary namely PT Dunia Pangan. Reasonable valuation of the Dunia Pangan reached IDR3.58trn. TPS Food hope was able to pay off its debt worth IDR2.37trn gradually from this divestment. Dunia Pangan is the parent company of PT Indo Beras Unggul, and this divestment plan already received approval through the extraordinary shareholders general meeting.

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