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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

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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

    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. 

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