Philippine Seafood Exporter Joins Indonesian Stock Exchange

[pioneer]

By Zinnia dela Peña (The Philippine Star)

Seafood exporter Alliance Select Foods International Inc. (FOOD) is mulling the possibility of listing on the Indonesian Stock Exchange where it expects its operations to grow further.

When asked whether the company was interested in dual listing of shares, FOOD president Jonathan Dee said: “That’s a possibility given our growing business in Indonesia.”

Dee said the group is planning to beef up the capacity of its factory in Indonesia from the current 50 tons of tuna per day to 60 tons.

Together with the Indonesian plant, FOOD produces over 200 metric tons of processed seafood daily, supplying hundreds of successful brand name companies across 60 countries around the world.

PT Van de Zee, company owned by FOOD subsidiary PT International Alliance Food Indonesia, recently obtained the license for capture fishing in Indonesia’s exclusive economic zone. It received an initial allocation of 5,000 metric tons of tuna for this year.

[georgewest41]

The owner of the company PT International Alliance Food Indonesia will now work for the Indonesian stock market. To do so he gained the license from the central.

[johnchanel]

Now jointly the Indonesian plat comfortably produces 200 metric tons of seafood everyday. They then supply it to different countries of the world. Read more from the article.

[bobdyer]

One of the privately owned food subsidiaries of Indonesia has been licensed and authorized for tuna fishing from the country’s economic zone, the zone which is earmarked under the exclusive category.

[brucedyer3]

The merger seems to be a very good thing not only for the both industries but also for the consumers on both sides as we can see now.

[bruceparker]

Food owned by the company's subsidiary PT International Alliance Food Indonesia, recently obtained a license to fish in Indonesia's exclusive economic zone.