japfa

Japfa to delist from SGX on Jun 6

The agri-food company said privatisation would provide the offerors and management with greater flexibility to manage and grow the existing business

Japfa in January announced the joint privatisation offer by Santosa siblings Renaldo and Gabriella, and their cousin Rachel Anastasia Kolonas.

Japfa expected to delist on Jun 10 as court sanctions scheme of arrangement

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

Japfa’s shareholders will receive the scheme consideration of S$0.62 per share in cash on or around May 30, based on an indicative timetable in the company’s bourse filing released after market closed on Tuesday.

Japfa shareholders approve privatisation offer

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

Japfa's better financial performance is in part due to lower feed costs across major markets.

Japfa’s H2 net profit more than doubles to US$61.9 million

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

Agri-food company Japfa says the move will help it to save on expenses for maintaining its listing, and to focus its resources on its business operations.

Santosa, Kolonas families offer to privatise Japfa at S$0.62 per share

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

Tan Yong Nang, CEO of Japfa, notes: "Our strong nine-month performance sets a solid foundation as we approach the end of the year."

Japfa swings into the black with US$87.5 million net profit, declares one-off S$0.01 dividend per share

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

Japfa, a player in the agri-food industry, had proposed an off-market purchase of its ordinary shares at 35.5 Singapore cents apiece.

Japfa fails to buy targeted maximum number of shares under equal access scheme

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

The proposed offer is not expected to adversely impact the agri-food company's working capital requirements and gearing levels.

Japfa to buy back 183.3 million shares at S$0.355 apiece 

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

Japfa chief executive officer Tan Yong Nang noted that cost reduction initiatives proved effective for the poultry and swine operations in Vietnam.

Japfa returns to the black with US$51.7 million H1 net profit

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

The company’s Q1 revenue grows 11.6 per cent year on year to US$1.1 billion, from US$1 billion.

Japfa posts US$12.4 million Q1 profit, reversing from year-ago loss of US$43 million

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