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Hot stock: Japfa slides 33.6% to S$0.355, lowest since 2015

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Yong Hui Ting

Yong Hui Ting

Published Fri, Dec 30, 2022 · 12:17 PM
    • Tan Yong Nang, chief executive of Japfa, says: “Japfa shareholders will now participate in two leading agri-food businesses, each with a clear focus, strategy and financial flexibility to grow further in their respective dynamic markets in Asia."
    • Tan Yong Nang, chief executive of Japfa, says: “Japfa shareholders will now participate in two leading agri-food businesses, each with a clear focus, strategy and financial flexibility to grow further in their respective dynamic markets in Asia." PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHARES of agri-food business group Japfa fell 33.6 per cent or S$0.18 to S$0.355 as at 11.47 am on Friday (Dec 30).

    The fall came after Japfa spun off its dairy business in a listing on the Hong Kong Exchange, and offloaded its stake in the dairy business – AustAsia – as a distribution-in-specie to Japfa shareholders.

    “The distribution results in two distinct and leading agri-food businesses in animal proteins and dairy respectively, potentially unlocking value for Japfa shareholders,” said the company on Friday.

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