Indonesia delays IPO of state-owned PalmCo, cites market uncertainty

Indonesia delays IPO of state-owned PalmCo, cites market uncertainty

An electronic board at the Indonesia Stock Exchange (IDX) in Jakarta. REUTERS/Beawiharta

Indonesia has delayed plans for an initial public offering (IPO) of palm oil producer PalmCo, an official from its parent, state agricultural group Perkebunan Nusantara (PTPN) III, said on Wednesday.

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