Japfa to Acquire So Good: Is It Any Good?

By Editorial Team 01/09/2020
Chicken meat
Summary

PT Japfa Comfeed Indonesia Tbk (JPFA) and its subsidiary, PT Ciomas Adisatwa, planned to acquire PT So Good Food (SGF) and PT So Good Food Manufacturing (SGFM). In the information disclosure to the Indonesia Stock Exchange (IDX), Japfa’s management revealed that it would be an affiliated transaction since the sellers were also the company’s subsidiaries.

Japfa and Ciomas have already signed a sale and purchase agreement for 100 percent of the issued and outstanding shares in So Good Food or 500,000 shares and 0.004 percent of So Good Food Manufacturing’s issued and outstanding shares or 1,000 series A shares. The total value of the deal could reach Rp 1.21 trillion.

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