Updates with further details on privatisation
Jan 24 (Reuters) - Owner of Singapore's Japfa Ltd JAPF.SI offered to take the poultry firm private on Friday through a scheme of arrangement, valuing the company at S$1.18 billion ($874.85 million), through a scheme of arrangement with joint offerors, acting as special purpose vehicles.
The scheme involves purchasing shares from shareholders, excluding certain entities, at a cash price of S$0.620 per share, representing a 17% premium over the stock's most recent closing price.
The excluded entities include Rangi Management, Tasburgh Limited, Morze International and Tallowe Services, who are major shareholders in the company.
Joint offerors include firms that are equally owned by the Kolonas and the Santosa family, the majority owners of the Singapore-listed company.
($1 = 1.3488 Singapore dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Tasim Zahid)
((Roshan.Thomas@thomsonreuters.com;))
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