Russian ag co Don Agro holding IPO on Singapore’s stock exchange

MOSCOW, Feb 10 (PRIME) -- Russian agricultural holding Don Agro is taking bids in the framework of an initial public offering (IPO) on the Singapore’s stock exchange, according to the trading floor, seen by PRIME on Monday.

The issuer, affiliate Don Agro International Limited, is offering 23 million shares with a price guidance of S$0.22 per security. The bidding book will close on Wednesday.

Yevgeny Tugolukov holds a 92.3% stake in the company. His stake can fall to 78.2% of the extended capital of the company after the placement.

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