Clifford Chance (CC) and Rajah & Tann are advising on the Singapore IPO of Indonesian agri-food company Japfa, valued at approximately S$250m (£118m) according to media reports.

The protein foods producer, whose core products include milk, beef and poultry sold mostly in Indonesia and China, is understood to offering 248m shares at a range of S$0.75 to S$0.87.