Due to the restructuring, SATS effective stake in Jilin will be diluted to 21% from 30%, while CP will own 65% and Singbridge 14%.
SINGAPORE (June 14): UOB Kay Hian is maintaining its “hold” call on SATS with entry and exit prices of $4.75 and $5.05 respectively.
This follows a restructuring of SATS’ China-based pig-farming joint venture, Jilin JVCo with the arrival of new partners – Charoen Pokphand (CP) and Singbridge.
