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’s (F&N) wholly-owned subsidiary Awana Citra Sdn Bhd has proposed to acquire the entire equity interest in three companies under the Sri Nona group for RM60mil cash. In a filing with Bursa Malaysia, F&N said Awana Citra had on Dec 13 entered into a conditional share sale agreement with Siew Yun Sing and Tong Saw Man (vendors), in relation to the proposed acquisition. Subject to the terms and conditions of the share sale agreement, the aggregate cash consideration for the Sri Nona Companies is up to RM60mil. The three companies are Sri Nona Food Industries Sdn Bhd, Sri Nona Industries Sdn Bhd and Lee Shun Hing Sauce Industries Sdn Bhd. ....
F&N buys stake in Sri Nona Companies for RM60m cash thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
’s (F&N) wholly-owned subsidiary Awana Citra Sdn Bhd has proposed to acquire the entire equity interest in three companies under the Sri Nona group for RM60mil cash. In a filing with Bursa Malaysia Tuesday, F&N said Awana Citra had on Dec 13 entered into a conditional share sale agreement with Siew Yun Sing and Tong Saw Man (vendors), in relation to the proposed acquisition. Subject to the terms and conditions of the share sale agreement, the aggregate cash consideration for the Sri Nona Companies is up to RM60mil. The three companies are Sri Nona Food Industries Sdn Bhd, Sri Nona Industries Sdn Bhd and Lee Shun Hing Sauce Industries Sdn Bhd. ....
KUALA LUMPUR (Dec 15): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 16) may include: TA Enterprise Bhd, Widad Group Bhd, Top Glove Corp Bhd, Guocoland (Malaysia) Bhd , Fraser & Neave Holdings Bhd (F&N), George Kent (Malaysia) Bhd, United Malacca Bhd, Econpile Holdings Bhd, Deleum Bhd, Uzma Bhd and Apollo Food Holdings Bhd. TA Enterprise Bhd ( TAE) said it has received a notice of an unconditional mandatory takeover offer from Datuk Tony Tiah Thee Kian to acquire all remaining ordinary shares in TAE not already owned by him at a cash offer price of 65.5 sen each, after Tiah and persons acting in concert with him triggered the creeping threshold, whereby their collective shareholdings in TAE will be increased from 42.36% to 59.78%. ....