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Japfa IPO 15 August
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Joelton
Supreme |
16-Apr-2020 09:53
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Japfa sells minority stake in dairy unit to Meiji for US$254mWED, APR 15, 2020 - 6:16 PM JAPFA on Wednesday said it will sell a 25-per-cent stake in its subsidiary to Japanese conglomerate Meiji for US$254.4 million in cash. In addition, the subsidiary will get to supply raw milk to Meiji on a five-year rolling basis, renewable annually. The subsidiary, AustAsia Investment Holdings, operates Japfa&rsquo s dairy-farming business in China. Japfa said the move is in line with its plans to grow AustAsia into the largest independent raw milk producer in China. As at the end of last year, AustAsia owned about 80,000 head of cattle, five modern dairy farms in Dongying and Shandong, as well as two farms in Chifeng in Inner Mongolia. Japfa added that the contract to supply milk to Meiji will provide AustAsia with a stable revenue stream, as it provides for the supply of a certain quantity of milk to Meiji at market price. Japfa stands to gain US$37 million from the proposed transaction, which it intends to use to repay a US$253-million term-loan facility. Tan Yong Nang, Japfa' s CEO, said that the company has for " many years" been supplying raw milk to Meiji, which had approached Japfa to support Meiji' s growth plans in China. " Their interest in holding a significant stake in our dairy business is a testament to the quality of our raw milk, the reliability of supply and our advanced farm-management techniques," Mr Tan added. The deal is subject to the approval of Japfa' s shareholders at an extraordinary general meeting, which is likely to be after the company' s annual general meeting by June 25. Post-transaction, Japfa would be left with a 75-per-cent stake in AustAsia, and will continue to manage AustAsia&rsquo s farming operations in China. In its announcement, Japfa also said that its day-to-day operations have not yet been " materially impacted" by the Covid-19 outbreak as the group provides an essential service by supplying staple protein foods. However, it said that the outbreak is an unprecedented event and its impact " cannot be reliably estimated with any certainty" . It will therefore continue to monitor the situation. https://www.businesstimes.com.sg/companies-markets/japfa-sells-minority-stake-in-dairy-unit-to-meiji-for-us254m |
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vtselvan2004
Member |
15-Apr-2020 11:55
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any idea on why Japfa has halted | ||||
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beng1102
Elite |
15-Apr-2020 09:29
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Trade halt?
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Secret_Squirrel
Elite |
09-Apr-2020 14:43
Yells: "Stay curious but skeptical" |
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This one better than Reit because people needs to eat. Can don' t go shopping , can don' t go to work. But still need to eat.😂
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beng1102
Elite |
09-Apr-2020 13:35
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Is time to take profit. From 0.39 to 0.50 is more than 25% gain.
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PQTPQK
Supreme |
24-Mar-2020 10:45
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can buy at this level ?
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lovetoshare
Elite |
24-Mar-2020 10:29
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expected it to drop when issue rights... never wanted to buy at 50cents... now cheaper and it is a joke |
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n3wbie
Elite |
11-Mar-2020 16:36
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The one rights issue for every 10 shares was priced at 50c
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PQTPQK
Supreme |
11-Mar-2020 16:32
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what is the right price?
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francisd
Master |
11-Mar-2020 16:25
Yells: "BUY LOW SELL HIGH" |
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So, anyone buying this conviction stock.. i think it is below the recent rights price now. Cheers.
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PQTPQK
Supreme |
10-Mar-2020 14:01
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wow 0.56 now.... | ||||
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n3wbie
Elite |
04-Mar-2020 23:34
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3 brokers upgraded the stock to buy or increased TP. DBS, CIMB and UOBKH. Average analysts consensus is now about 84-88c.
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PQTPQK
Supreme |
04-Mar-2020 16:57
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any ideas why so strong today ?? | ||||
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Leeethan
Member |
20-Feb-2020 08:46
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think today she will pop up pass six.... though there is selling pressure but she is trying to peak tday or tmrw. | ||||
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lovetoshare
Elite |
17-Feb-2020 09:36
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japfa uses sharwholder money to repay debts. what the f. more than 50% to repay debts on right issue | ||||
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francisd
Master |
12-Feb-2020 09:23
Yells: "BUY LOW SELL HIGH" |
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Despite, the pig virus and other issues...this counter going up...anything cooking there. Cheers.
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bishan22
Supreme |
10-Feb-2020 15:50
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waiting for below gor kart..... | ||||
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Sgvale
Supreme |
05-Feb-2020 14:16
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Indonesia investigating hundreds of pigs' death. Masks & gloves still in high demand | ||||
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Secret_Squirrel
Elite |
02-Feb-2020 12:56
Yells: "Stay curious but skeptical" |
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https://www.channelnewsasia.com/news/asia/china-reports-h5n1-bird-flu-outbreak-hunan-wuhan-coronavirus-12381796
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Secret_Squirrel
Elite |
02-Feb-2020 11:55
Yells: "Stay curious but skeptical" |
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https://www.straitstimes.com/asia/east-asia/china-reports-h5n1-bird-flu-outbreak-in-hunan-province?utm_medium=Social& utm_campaign=STFB& utm_source=Facebook#Echobox=1580605142 |
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