The talks "may or may not lead to a possible transaction" and that there is no certainty of any definitive agreement, says CEO Tan Yong Nang in a statement on Jan 16.
Japfa says it is in "advanced" talks over a possible transaction of its shares with its controlling shareholders.
The company is majority-held by the Santosa family and the board is chaired by former Singapore minister Lim Hwee Hua.
