SINGAPORE - Food and beverage (F&B) player BreadTalk Group is looking to buy the entire stake in Food Junction Management (FJM), which operates food courts and F&B outlets in Singapore and Malaysia, for $80 million in cash.. Read more at straitstimes.com.
SINGAPORE - Food and beverage player BreadTalk Group is looking to buy the entire stake in Food Junction Management , which operates food courts and F&B outlets in Singapore and Malaysia, for $80 million in cash.
For illustrative purposes only, assuming that a loan of $49.6 million was drawn down on Jan 1, 2018 to fund the proposed acquisition, and that the transaction had been completed on Dec 31, 2018, BreadTalk's gearing for fiscal 2018 would have increased to 0.7 times, from 0.25 times before the acquisition.
FJM operates 12 food courts in Singapore and three in Malaysia, with an additional one scheduled to open next year at The Mall, Mid Valley Southkey, in Johor Bahru. The seller, Food Junction Holdings, is 98.1 per cent owned by Auric Pacific Group Limited , a Singapore-incorporated investment holding firm involved in a diverse range of businesses including food manufacturing and retailing, restaurants, and food court management.
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