Breadtalk going to buy Food junction for 80million!!!!!!

[Johnrambo]

BreadTalk Group on Monday (Sep 2) announced its intention to acquire food court operator Food Junction Management (FJM) for S$80 million through subsidiary Topwin Investment Holding.

In a filing to the Singapore Exchange, the food and beverage group said its wholly owned subsidiary Topwin had entered into a sale and purchase agreement on Aug 30 for the proposed acquisition of FJM from Food Junction Holdings.

The total consideration of S$80 million will be paid in cash and will be funded through BreadTalk Group's internal resources - including available cash on hand - and debt facilities, according to the filing.

The amount could be subject to further adjustments to take into account actual cash, debt and working capital of FJM as at completion of the acquisition.

More at https://tinyurI.com/y64zvw55

 

[zhihau]

altogether now!!! HUAT AH!!!

 

[poore]

it was valued at only 30 plus million in 2013 in a general offer by Auric pacific

 

[JohnTan]

Looks like my company will huat because we do supply food ingredients to Food Republic and now, we get to supply foodstuffs to Food Junction too. Majulah Breadtalk!

 

[Narong Wongwan]

I thot food junction belongs to aqua face George all along?

 

[syed putra]

Imagine the value of your neighbourhood food court.

 

[laksaboy]

I thot food junction belongs to aqua face George all along?

No that's Food Republic. You should be more familiar with Ah Quek's businesses.

 

[Rogue Trader]

According to Breadtalk's modus operandi, Food Junction will be renovated and then charge 50% higher than before.

 

[poore]

maybe will rename it as FoodTalk to charge a premium

 

[nightsafari]

it was valued at only 30 plus million in 2013 in a general offer by Auric pacific

so you feel they're paying too much for this?

 

[red amoeba]

Another crap brand making a crap brand crappier. Soon it will be infested w Pinoys.

 

[eatshitndie]

so you feel they're paying too much for this?

should be $69m if halal and valued by aurat pacific.

 

[laksaboy]

Another crap brand making a crap brand crappier. Soon it will be infested w Pinoys.

No one should be dining at food courts (and Breadtalk Group's other eateries e.g. Toast Box) unless absolutely necessary.

 

[Narong Wongwan]

No that's Food Republic. You should be more familiar with Ah Quek's businesses.

Why should I be familiar? I used to like eating at Carl’s Jr then I found out the franchise here belonged to him and I’ve boycotted it since.
Anyway I’m half right, the bugger confounded Food Junction but ‘left’ the company.
He could still be a shareholder or the co-founders are his proxies.

 

[laksaboy]

Why should I be familiar? I used to like eating at Carl’s Jr then I found out the franchise here belonged to him and I’ve boycotted it since.
Anyway I’m half right, the bugger confounded Food Junction but ‘left’ the company.
He could still be a shareholder or the co-founders are his proxies.

If you're not familiar, how to identify the brand and effectively boycott?