Hot stock: Japfa declines comment on potential privatisation deal; stock jumps 20.9%

THE shares of Japfa jumped as much as 20.9 per cent after the company issued a statement declining to comment on a potential privatisation deal reported in a Bloomberg article.

Last Friday’s (Mar 8) article reported that the owners of the mainboard-listed agri-food company are considering taking it private and have started talks for a loan that would back any such move.

The company said before the market opened on Monday that it “does not consider it appropriate” to comment on the matters that are not actions of the company or the board, and highlighted that exploratory discussions on different transactions are regular.