Shares in Ajinomoto (Malaysia) Bhd experienced a significant increase of almost 25% on Tuesday following an announcement by its Japanese parent company regarding a privatization plan. The proposed deal is valued at over RM600 million. This move signals the parent company’s intention to acquire full ownership of its Malaysian subsidiary. The privatization offer has spurred investor interest, driving up the company’s stock price. Details of the offer and the subsequent delisting process are expected to be released in due course. The transaction is subject to regulatory approvals and shareholder consent. This development marks a major shift for Ajinomoto (Malaysia) Bhd, potentially removing it from public trading.
