Japfa to be delisted by 10 June
Food company Japfa is set to be delisted by June 10, following court approval of its scheme of arrangement on May 15. The Santosa family has offered $0.62 per share to take the company private, with the last trading day for shares on May 16. Trading will be suspended from 9 a.m. on May 19, and shareholders will receive payment on June 6.
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.
