Stamford Law advised Bumitama Agri Ltd. (“Bumitama”) on its initial public offering and listing on the Mainboard of the SGX-ST. Bumitama is a young and fast-growing pure upstream palm oil producer that is based in Indonesia, and its listing – with a market capitalisation of S$1.31 billion – is the first sizeable billion dollar market capitalisation new listing on the SGX-ST in 2012. The offering (excluding the cornerstone shares) was approximately 30.8 times subscribed.
NG Joo Khin, Partner, together with Marcus TAN, Associate Director, led the Stamford Law deal team.
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