Japfa shareholders approve privatisation scheme

The delisting of the shares is expected to occur on or around 3 June.

Japfa Ltd. has announced that shareholders have approved the proposed privatisation scheme at a meeting held at York Hotel Singapore.

The scheme involves the acquisition of all issued shares in the company by TAC 1 Pte. Ltd. and TAC 2 Pte. Ltd. This acquisition will exclude shares already held by certain shareholders, including Rangi Management Limited, Tasburgh Limited, Morze International Limited, Tallowe Services Inc., and Renaldo Santosa.

The majority of scheme shareholders present or voting by proxy represented no less than 75% in value of the scheme shares, constituting approximately 99.3% of the shares, surpassing the approval threshold.

The delisting of the shares is expected to occur on or around 3 June.