20 Dec 2007

PNG's major oil palm producer's shares snapped up at London Stock Exchange

11:00 am on 20 December 2007

The shares for Papua New Guinea's major oil palm producer New Britain Palm Oil Limited traded like "hot cakes" as the company debuted on the London Stock Exchange yesterday.

The Post Courier paper says share prices increased by 18 per cent .

The paper says this is a good start for the company that wanted to issue 25 million new ordinary shares in the placing at a price of 250 pence per share.