In a March 11 filing, Japfa’s board said that its key shareholders, Renaldo Santosa and family are “aware” of the article and that they are approached by several people including financiers and investment banks to consider a “wide variety” of transactions in the public debt and equity markets.
Japfa says it is not “appropriate” to comment on the Bloomberg article dated March 8, where it says that Japfa (SGX:UD2
) ’s owners were mulling taking the Singapore-listed company private.
According to the article, the company has held discussions with several banks and with at least one private credit fund for a loan of US$150 million ($199.6 million).
