On March 6, Japfa : UD2 +4.65% executive director Renaldo Santosa acquired 500,000 shares at an average price of S$0.24 per share. With a consideration of S$121,718 this increased his total interest in the pure play animal protein producer from 60.70 per cent to 60.72 per cent.

 

Santosa was appointed executive director on Dec 1, 2022. Prior to this appointment, he was the alternate director to executive chairman, the late Handojo Santosa.

 

Santosa is also the head of strategic projects at Annona Technical Service, a subsidiary of Japfa, to identify and develop strategic projects for the group and ensure that the projects are aligned with the group&rsquo s strategic directions and objectives.

 

Santosa started his career with the Japfa Group in September 2011 as business development executive immediately after his graduation.

 

Over the years, he was promoted to the position of head of business development and strategy in 2017, and to his current role in 2022.

 

Japfa operates a vertically integrated business across its entire value chain and employs over 38,000 people across Singapore, Indonesia, Vietnam, Myanmar, India, and Bangladesh.