Japfa receives privatisation offer from founder family members

The offer is at $0.62 per share.

Agri-food firm Japfa Ltd received an offer to turn the company private from the family members of its late founder

The offer was made through a special purpose vehicle owned by Renaldo Santosa, Gabriella Santosa and their cousin Rachel Anastasia Kolonas, the offer is at at $0.62 for 18.33% of its shares, representing a premium of 34.8% to the last traded price on 15 January 2025, being the Last Undisturbed Trading Day.

This was a way for shareholders to “realise their investment at a compelling premium over historical market prices without incurring brokerage and trading costs”, a statement said.

According to the joint offerors, by privatising the company, the management will have greater flexibility to manage and grow the existing business of the Company. This will allow the company to pursue longer-term business strategies which may otherwise contrast or conflict with the shorter-term expectations of the public market.