The Business Times
business-time-50
HOT STOCK
·
SUBSCRIBERS

Japfa surges 16% to S$0.615 after news of S$0.62 privatisation offer

The company announced on Friday that members of its founding family were making a joint offer to acquire around 18.3% of the company’s total issued shares

Summarise
google-preferred-sourceAdd BT as a preferred source
Therese Soh

Therese Soh

Published Mon, Jan 27, 2025 · 10:41 AM
    • The company said the offer presents an opportunity for shareholders to realise their investments at a premium to prevailing market prices, which might otherwise be difficult given the shares’ “low trading liquidity”.
    • The company said the offer presents an opportunity for shareholders to realise their investments at a premium to prevailing market prices, which might otherwise be difficult given the shares’ “low trading liquidity”. PHOTO: JAPFA

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

    SHARES of agri-food company Japfa soared on Monday (Jan 27) after news broke last Friday that family members of its founder have offered to take the company private at an offer price of S$0.62 apiece. 

    It soared S$0.085 or 16 per cent to S$0.615 after the market opened, above its previous closing price of S$0.53 on Friday. 

    It later eased to S$0.61 at 9.39 am, 15.1 per cent or S$0.08 above Friday’s closing price, with 3.1 million shares changing hands. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hot Stock

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More