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Japfa Ltd. ( (SG:UD2) ) has shared an announcement.
Japfa Ltd’s Indonesian subsidiary, PT Japfa Comfeed Indonesia Tbk, has secured an Investment Credit Facilities Agreement worth approximately USD 178 million with PT Bank Central Asia Tbk. This agreement aims to support general corporate and working capital purposes. The facility includes covenants ensuring the Santosa Family maintains a controlling interest in Japfa Ltd, which could impact bank facilities totaling USD 876 million if breached. This move underscores Japfa’s strategic financial management and its commitment to maintaining stability in its ownership structure, which is crucial for its operations and stakeholder confidence.
More about Japfa Ltd.
Japfa Ltd is a Singapore-incorporated company operating in the agribusiness sector, primarily focusing on producing animal feed, poultry, and aquaculture products. The company has a significant market presence in Indonesia through its subsidiary PT Japfa Comfeed Indonesia Tbk.
YTD Price Performance: 38.62%
Average Trading Volume: 13,750
Technical Sentiment Signal: Sell
Current Market Cap: €844.5M
For a thorough assessment of UD2 stock, go to TipRanks’ Stock Analysis page.