The listing committee of the Stock Exchange of Hong Kong (SEHK) has granted its approval in-principle for the proposed listing of Japfa’s China-focused milk business, AustAsia Investment Holdings (AIH) on Dec 14.
In a filing dated Dec 15, Japfa announced that AIH intends to register its prospectus for the listing on Dec 15 with the Hong Kong public offering of AIH’s shares commencing on Dec 16.
The Hong Kong public offering is expected to close on Dec 21. The shares will list on the SEKH at 9am on Dec 30.
On March 29, Japfa announced that AIH had applied to list on the Hong Kong bourse. The listing of the latter will result in two separately run entities.
As part of the initial public offering (IPO), existing Japfa shareholders will receive a distribution of AIH shares, of which the number was yet to be determined.
The expected notice of record date for the distribution is on Dec 20, with the expected last date of “cum” trading of the shares on the SGX-ST to be a week later, on Dec 27.
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Accordingly, the “ex” trading of the shares on the SGX-ST will happen at 9am on Dec 28, with the expected record date at 5pm on Dec 29.
Shares in Japfa closed flat at 48.5 cents on Dec 14.
