Japfa shares more than doubled in the past 12 months
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.
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.
The Indonesia-based company runs a sprawling farming business growing chickens, pigs and cattle across Indonesia and Vietnam.
Japfa shares closed at 48 cents on Jan 16, up 3.26% and up 126.19% in the past 12 months.
The company was listed back in 2014 at 80 cents.
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