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The Edge Malaysia·3 min read·medium

Japanese parent company to privatise Ajinomoto Malaysia at RM20 per share

Japanese parent company to privatise Ajinomoto Malaysia at RM20 per share
✦AI Summary

Japanese parent company Ajinomoto Co Inc plans to take its Malaysian unit private through a selective capital repayment exercise at RM20 per share. The deal, valued at RM603.4 million, will result in the delisting of Ajinomoto Malaysia from Bursa Malaysia.

Why it matters

This represents a significant consolidation move by a multinational corporation within the Southeast Asian food manufacturing sector.

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BURSA SGX Home Highlight KUALA LUMPUR (June 22): Japan’s Ajinomoto Co Inc will be taking its Malaysia-listed unit private at RM20 per share — a 31.6% premium over the last traded price of RM15.20.

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businesseconomyfood
Political Bias
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Confidence: 95%

The article provides a straightforward financial report on a corporate acquisition and delisting process.

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