Published:
Global Yellow Pages completes $0.8m acquisition of Supatreats Asia
It will transfer treasury shares to fund the deal.
Global Yellow Pages has completed its proposed acquisition of Supatreats Asia for an initial consideration of S$0.8m.
Supatreats Asia Pte. Ltd. is in the retail master franchise and supply chain business of the Wendy's brand of ice-cream and treats for the Wendy's store network.
To fund the deal, the group will transfer 4,585,729 treasury shares in its capital to the vendor, based on the issue price of S$0.177 per Consideration Share.
The group’s subsidiary Global Food will pay the Vendor a monthly retainer fee of S$20,000. The consulting arrangement shall commence on 1 January 2016 and will be terminated on 31 December 2018.
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