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Japfa's China-focused milk business to split off for own listing in Hong Kong

The Edge Singapore
The Edge Singapore3/29/2022 11:14 PM GMT+08  • 2 min read
Japfa's China-focused milk business to split off for own listing in Hong Kong
"Japfa Animal Protein has emerged stronger from the Covid-19 down-cycle," says CEO Tan Yong Nang / Samuel Isaac Chua of The Edge Singapore
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Japfa’s milk-producing business in China, AustAsia Investment Holdings, has applied for its listing in Hong Kong, which will result in two separately run entities with more flexibility and better focus to grow their respective businesses.

As part of the IPO, existing Japfa shareholders will receive a distribution of AIH shares in specie, potentially resulting in Japfa shareholders holding shares worth more than what Japfa shares are trading at now.

The number of AIH shares to be distributed to Japfa shareholders is to be determined.

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