In today’s briefing:
- After Squaring Away Japfa, The Santosa Family Looks To PT Japfa
- Private Firms Step In As Indonesia Grapples With EUDR Compliance
After Squaring Away Japfa, The Santosa Family Looks To PT Japfa
- On the 24th January, Renaldo Santosa and his family, who controlled ~75.5% of agri-play Japfa Ltd (JAP SP), pitched a Scheme Offer at S$0.62/share, a 34.8% premium to undisturbed.
- Yesterday (15th April), disinterested shareholders overwhelmingly (in terms of shares) backed the Scheme. The last day of trading is around the 9th May, and payment around the 30th May.
- The question now is whether the family now seeks to take 55.4%-held Japfa Comfeed Indonesia (JPFA IJ) private.
Private Firms Step In As Indonesia Grapples With EUDR Compliance
- Only 10,000 ha of 3.2 million ha smallholder plantations get STDB
- KoltiSkills trains around 6,000 smallholders in Indonesia
- Olam Agri rolls out SNR in Lampang to empower smallholders
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