Japfa owners offer to take poultry firm private
The Singapore company is valued at S$1.18 billion
28 January 2025
1 minute read
By: Owner of Singapore's Japfa Ltd offered to take the poultry firm private on Friday through a scheme of arrangement, valuing the company at S$1.18 billion ($874.85 million), through a scheme of arrangement with joint offers, acting as special purpose vehicles, reported Reuters.
The scheme involves purchasing shares from shareholders, excluding certain entities, at a cash price of S$0.620 per share, representing a 17% premium over the stock's most recent closing price.
The excluded entities include Rangi Management, Tasburgh Limited, Morze International and Tallowe Services, who are major shareholders in the company.
Joint offers include firms that are equally owned by the Kolonas and the Santosa family, the majority owners of the Singapore-listed company.
($1 = 1.3488 Singapore dollars)
