In-depth analysis and insight on Malaysia and Southeast Asia.
Ajinomoto (M) Bhd emerged as the top gainer on Bursa Malaysia after parent company Ajinomoto Co Inc announced plans to privatise the food seasoning manufacturer through a RM20-per-share acquisition offer.
Japanese food ingredient giant Ajinomoto Co Inc is moving to privatise its Malaysian unit through a selective capital reduction worth RM603.4 million, offering minority shareholders RM20 per share—a 31.58% premium to recent closing prices.
Japan's Ajinomoto Co Inc is acquiring full ownership of Ajinomoto Malaysia, its monosodium glutamate producing subsidiary, for RM603.4 million. The move offers minority shareholders a 31.58% premium to exit their holdings in the illiquid stock.