News
Completion Of The Proposed Acquisition Of 40% Equity Stake In PT Marindo Makmur Usahjaya
BackApr 06, 2010
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| Description | The Board of Directors of Food Empire Holdings Limited (the "Company") refers to the Company's announcements made on 7 October 2009 and 9 October 2009 in respect of the proposed acquisition of 40% equity stake in PT Marindo Makmur Usahjaya ("PT MMU"), a company incorporated in Indonesia, by the Company's wholly-owned subsidiary, Future Enterprises Pte Ltd ("FEPL"). The Board is pleased to announce that FEPL has today completed the acquisition of 10,000,000 new shares of Rp1,000 each in PT MMU for a total cash consideration of approximately US$1 million. Following the completion of the acquisition, PT MMU became an associated company of FEPL and the Company. By Order of the Board Tan San-Ju Company Secretary 6 April 2010 |
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