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INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2014
MILESTONES
Acquired plantation land bank of 10,000
hectares in South Sumatra.
Incorporated a new subsidiary to own
barges, tugboats and operate a shipping
logistics business.
Achieved the Roundtable on Sustainable
Palm Oil (RSPO) certification for the Group’s
North Sumatra estates and factories,
bringing total certified CPO output to
170,000 tonnes.
Raised Rp730 billion from5
-
year Indonesian
Rupiah Bonds and Islamic Lease
-
based
Bonds.
Diversified into sugar business via 60%
stake in PT Laju Perdana Indah (PT LPI).
Acquired plantation land bank of 82,300
hectares in South Sumatra and Central
Kalimantan.
Acquired a bulking facility at the Dumai
port, Indonesia.
Completed a reverse takeover of CityAxis
Holdings Limited and changed name to
Indofood Agri Resources Ltd.
Listed on the main board of the SGX
-
ST on
14FebruaryandraisedaboutS$420million
proceeds from placement of 338 million
new shares.
Acquired plantation land bank of 98,491
hectares in South Sumatra and Kalimantan.
Acquired a 58.8% effective interest in
Lonsum, becoming one of the largest
plantation companies in Indonesia with land
bank doubling to over 400,000 hectares.
Carried out an internal restructuring to
consolidate all joint ventures with the
Salim Group (a controlling shareholder of
IndoAgri) under a Singapore
-
incorporated
entity, IGER.
Divested 8% or 109,521,000 shares in
Lonsum for a cash consideration of Rp1.3
trillion, of which 3.1% was sold to PT
SIMP and 4.9% was sold to the public.
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