japfa

Last day of trading of its shares will be on May 16; trading in the counter will be suspended from 9 am on May 19

Delisting is expected to fall on or around Jun 3, subject to regulatory approval

The agri-food group posts revenue of US$2.4 billion, up 2% year on year

The offer price represents a 34.8% premium to the counter’s last traded price on Jan 15

This comes on the back of improved contributions from its Indonesian unit and its ‘animal protein other’ segment in Vietnam

The agri-food company says about 139.8 million shares would be acquired, compared with the planned purchase of 183.3 million shares

The offer comes as Japfa’s shares trade below its net asset value of S$0.52

The company also announces half-year Ebitda of US$247.3 million

Higher prices, sales volumes and lower costs drove improvements in the company’s Indonesian and Vietnamese businesses