TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS BERJAYA FOOD BERHAD (“BJFOOD” OR “THE COMPANY”) PROPOSED ACQUISITION OF 11,500,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE REMAINING 50.00% EQUITY INTEREST IN BERJAYA STARBUCKS COFFEE COMPANY SDN BHD NOT OWNED BY BJFOOD FOR A TOTAL CASH CONSIDERATION OF USD88,000,000 (EQUIVALENT TO RM279,514,400) (“PROPOSED ACQUISITION”) BERJAYA FOOD BERHAD
On behalf of the Board of Directors of BJFood, RHB Investment Bank Berhad wishes to announce that the Company had on 23 July 2014, entered into a conditional share purchase agreement with Starbucks Coffee International, Inc for the proposed acquisition of 11,500,000 ordinary shares of RM1.00 each in Berjaya Starbucks Coffee Company Sdn Bhd (“BStarbucks”), representing the remaining 50.00% equity interest in BStarbucks not owned by BJFood, for a total cash consideration of USD88,000,000 (equivalent to RM279,514,400). Upon completion of the Proposed Acquisition, BStarbucks will become a 100%-owned subsidiary of BJFood, from a currently 50.00% jointly-controlled entity.
jackpot....sure RM2.8....double my $... been accumulating since 3 mths back...laughing to the bank now. Next time to accumulate Panpage before Alibaba's IPO. The wave coming soon...:)
afternoon session can trade again right? or if limit up in the morning, means done for the day....I thought before it'll open....anyone know the rules?
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Posted by cheeseburger > 2014-07-08 11:16 | Report Abuse
the wave