Golden Plantation, the palm oil unit of Tiga Pilar Sejahtera Food, or TPS, plans to raise as much as IDR 500 billion ($42 million) from selling shares in an initial public offering (IPO) later in 2014. According to Yulie Hadiwana, the corporate secretary of TPS, Golden Plantation targets to raise between IDR 400 billion to IDR 500 billion from a 17% stake sale in December.