Japfa announced on Dec 6 that it has entered into a conditional share purchase agreement (SPA) with Freshness Holdings and Freshness Limited to dispose its shares in Greenfields Dairy Singapore.

Greenfields Dairy Singapore is the holding company of Japfa’s “Greenfields” dairy business, which is a vertically integrated business that includes dairy farming to branded dairy products in Southeast Asia.

Greenfields Dairy’s wholly-owned subsidiaries are PT Greenfields Indonesia, Greenfields Dairy Malaysia and Greenfields Dairy Hong Kong Limited.

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