07 Dec 2020

Japfa Ltd.’s effective disposal of 80% of its shareholding in Greenfields Dairy Singapore Pte Ltd ("GDS")

Partners Evelyn Wee, Hoon Chi Tern and Favian Tan from Rajah & Tann Singapore; and Ahmad Fikri Assegaf from Assegaf Hamzah & Partners acted for Japfa Ltd. ("Japfa") in the effective disposal of 80% of its shareholding in its wholly-owned subsidiary, Greenfields Dairy Singapore Pte Ltd ("GDS"), to Freshness Ltd. for an aggregate consideration of USD295 million, comprising a cash component of USD236 million and a share component comprising shares amounting to 20% of the share capital of Freshness Ltd. on a fully diluted basis upon completion of the transaction.