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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. ....
’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. ....