Bloomberg News

Kimia Farma Advances Most in Four Months After Expansion Report

October 25, 2011

Oct. 25 (Bloomberg) -- PT Kimia Farma rose the most in four months in Jakarta trading after Investor Daily Indonesia reported the state-owned pharmaceutical company plans to raise 901.9 billion rupiah selling new shares next year to develop its business and set up a joint venture.

Kimia Farma jumped 12 percent to 290 rupiah as of 3:35 p.m. local time, set for the steepest increase since June 23. Kimia Farma President Director Muhammad Sjamsul Arifin couldn’t be reached when called at his office to confirm the report.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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