Japfa to be delisted by 10 June

Shareholders can expect to receive payment for the scheme consideration on 6 June.

Food company Japfa is moving forward with its delisting plans, expected on or around June 10, after its scheme of arrangement received court sanction on May 15.

This follows the controlling Santosa family's offer of $0.62 per share to take the company private, announced on 24 January.

As a result, 16 May marked the last day for Japfa shares to trade, with a suspension set to commence from 9 a.m. on 19 May.

Shareholders can look forward to receiving the consideration per share on 6 June.

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