SINGAPORE: The family members of Japfa Ltd’s late founder have offered to take the Singapore meat producer private, valuing the company at S$1.18bil or about US$877mil.
A special-purpose vehicle owned by Renaldo Santosa and Gabriella Santosa and another owned by their cousin Rachel Anastasia Kolonas offered S$0.62 apiece for 18.33% of the company’s shares, according to exchange filings. The offer is at a 17% premium to the last closing price.
