SINGAPORE Aug 7 Agri-food maker Japfa is set to
raise S$198 million ($158 million) after pricing its Singapore
initial public offering at the top of the S$0.78-$0.80 range,
IFR reported on Thursday.
The company originally launched its offering of 248 million
shares at between S$0.75 and $0.87 a share, but subsequently
tightened the range. The listing is targeted for August 15.
Japfa, whose headquarters are in Singapore, runs poultry and
dairy farms in China, Indonesia and Myanmar.
Credit Suisse and DBS are the joint
global coordinators while Rabobank is the co-lead
($1 = 1.2513 Singapore dollar)
(Reporting by S. Anuradha of IFR; Writing by Rachel Armstrong,
editing by William Hardy)