Japfa’s Shares To Be Suspended On May 19, To Delist On June 10 After Court Sanctions Scheme Of Arrangement
Edge
May 16, 2025
Japfa will delist on or around June 10 after the court sanctioned its scheme of arrangement on May 15.
On Jan 24, Japfa’s controlling Santosa family made an offer of 62 cents per share with the intent to delist the company.
Following the satisfaction of the scheme’s conditions, the scheme will become “effective and binding” upon the lodgement of the court order with the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
As such, the last trading day of Japfa’s shares will be on May 16. Trading of the company’s shares will be suspended from 9am on May 19.
Japfa’s shareholders can expect to receive payment for the scheme consideration on June 6.
Shares in Japfa closed flat at 61.5 cents on May 15.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.