Japfa Holders Accept Privatization Offer of Its Founder’s Family
This article is for subscribers only.
Japfa Ltd. shareholders have approved a bid by the family members of the Singapore meat producer’s late founder to take the business private, paving way for a delisting on or around June 3.
During the meeting on Tuesday about 75.1% of the scheme shareholders present and voting, agreed to the offer, according to a bourse filing. That constituted around 99.3% of the scheme’s shares, exceeding the approval threshold.