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.
