Ajinomoto Malaysia’s Parent Company Offers RM20 per Share in Privatisation Bid

Ajinomoto Malaysia’s parent company offers RM20 per share in privatisation bid

The parent company Ajinomoto Co Inc does not intend to maintain the listing status of Ajinomoto (Malaysia) Bhd on the Main Market. (Ajinomoto Malaysia pic) KUALA LUMPUR: Ajinomoto (Malaysia) Bhd’s (AMB) parent company Ajinomoto Co Inc (Ajico) has proposed to privatise the food seasoning manufacturer via a selective capital reduction and repayment (SCR) exercise at RM20 per share. In a filing with Bursa Malaysia today, AMB announced that its boar…

Ajinomoto Moves to Fully Acquire and Delist Malaysian Subsidiary

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Japanese parent company to privatise Ajinomoto Malaysia at RM20 per share

Japan’s Ajinomoto plans to privatise its Malaysia-listed unit through a selective capital reduction and repayment deal worth RM603.4 million. The company — mostly known for food flavourings, especially monosodium glutamate, or MSG — is offering the equivalent of RM20 per share to minority shareholders of Ajinomoto (Malaysia) Bhd (KL:AJI), according to its proposal posted on Bursa Malaysia on Monday.