News
Completion Of Sale Of The Remaining 2,000,000 12% Fully Convertible Debentures In Vayhan Coffee Ltd
BackJun 29, 2012
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| Description | Further to the announcements made on 6 December 2011 and 13 April 2012, the Board of Directors of Food Empire Holdings Limited (the "Company", together with its subsidiaries, the "Group") wishes to announce that the Company's wholly-owned subsidiary, Future Enterprises Pte Ltd, has today received Rs.30,000,000 (equivalent to US$517,623.86) for the sale of its 2,000,000 12% fully convertible debentures of Rs. 15 each in Vayhan Coffee Limited ("Vayhan Coffee") from Mr. DRSP Raju s/o Sri. D V Raju. Following completion of the sale of these 2,000,000 12% fully convertible debentures, the Group has fully divested its investment in Vayhan Coffee. By Order Of The Board Tan San-Ju Company Secretary 29 June 2012 |
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