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Japfa to list China dairy unit in Hong Kong; proposes distribution-in-specie of its shares

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Tan Nai Lun

Tan Nai Lun

Published Wed, Mar 30, 2022 · 09:50 PM

    Singapore

    AGRI-FOOD company Japfa has applied to list its dairy unit in China, AustAsia Investment Holdings, on the mainboard of the Stock Exchange of Hong Kong.

    As part of a capital reduction exercise related to the listing, Japfa is also proposing a distribution-in-specie of its entire shareholding in AustAsia, which will see eligible shareholders receiving AustAsia shares in proportion to their respective shareholdings in Japfa.

    japfaM&AHot StockHong Kong stocks

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