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View all search resultsJapfa Comfeed Indonesia's parent company has disclosed a privatization plan that involves the Santosa family acquiring 100 percent shares and delisting from the SGX, with Japfa Ltd. making reassurances that this would not affect its Indonesian subsidiary's management or operation.
The rationale behind the ratings decisions varies for each company but revolves around liquidity risks, concerns over debt repayment ability, a sharp rupiah depreciation, low commodity prices and overall weak demand.
Despite the advantageous use of AI in industry, the Center for Strategic and International Studies (CSIS) reports that only 7 percent of manufacturing companies in Indonesia has adopted AI technology this year.
Agri-business firm Japfa, through its subsidiary So Good Food, and the US-owned agri-business firm PT Cargill Food Investment Indonesia have agreed to establish PT Cahaya Gunung Foods, a 40-60 joint venture to produce fully-cooked poultry products.
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