Analysts from CGS-CIMB Research and DBS Group Research have advised investors to accumulate shares in Japfa after it divested its shares in Greenfields Dairy Singapore for a consideration of US$295 million ($393.9 million).
See: Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil
The consideration comprises of a cash component of US$236 million and shares amounting to a 20% stake in Freshness Limited (the JVCo).
