Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. BreadTalk Group Limited
  6. News
  7. Summary
    BRET   SG1O02910816

BREADTALK GROUP LIMITED

(BRET)
SummaryChartsNewsRatingsCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

BreadTalk : Joint Venture Agreement To Invest In BTM (Thailand) Ltd

08/01/2014 | 05:49am EDT
BREADTALK GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: 200302045G) JOINT VENTURE AGREEMENT TO INVEST IN BTM (THAILAND) LTD


The Board of Directors of BreadTalk Group Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that BreadTalk (Thailand) Company Limited (the Company owns 49% shareholding) ("BTTH") has on 31 July 2014 entered into a shareholders' agreement (the "SA") with The Minor Food Group Public Company Limited ("MFG") to invest in a new joint venture company in Thailand, under the name of BTM (Thailand) Ltd ("BTM"), with a registered share capital of S$7.92 million ("Proposed Investment").
Pursuant to the SA, BTTH will be allotted 50% of the shares in BTM for a consideration approximating
S$3.96 million. The consideration will be fully satisfied by way of the transfer of all existing 19
BreadTalk outlets to BTM via a Business Transfer Agreement. Upon completion of the transaction, BTM will be appointed the BreadTalk franchisee in Thailand to carry on the business of operating the transferred BreadTalk outlets, including future expansion.
The joint investment with MFG is a strategic partnership to further develop the BreadTalk brand in Thailand. With MFG's established track record of operating F&B outlets in Thailand, the brand could see an accelerated pace in outlet expansion as well as to optimize return on its investments.
The Investment is not expected to have any material impact on the earnings per share and net tangible assets of the Company and the Group for the financial year ending 31 December 2014.
The above transaction does not constitute a discloseable transaction under rule 1010 of the SGX-ST Listing Manual. None of the Directors or the controlling shareholders of the Company has any interest, direct or indirect, in the Proposed Investment.

By Order of the Board

Lawrence Yeo
Group Chief Financial Officer
1 August 2014

1

distributed by

© Publicnow 2014
All news about BREADTALK GROUP LIMITED
2020BreadTalk Group Limited Announces Redemption of All Outstanding Notes Due 202..
CI
2020BreadTalk Group Limited's Equity Buyback announced on September 18, 2019, has..
CI
2020George Quek Meng Tong, Katherine Lee Lih Leng, Primacy Investment Limited, Sq..
CI
2020TENDER/ ACQUISITION/ TAKEOVER/ PURCH : :Voluntary
PU
2020CHANGE - ANNOUNCEMENT OF APPOINTMENT : :Appointment of Group Chief Financial Off..
PU
2020GENERAL ANNOUNCEMENT : :Appointment of Group Chief Financial Officer
PU
2020BreadTalk Group Limited Appoints Chong Chow Pin as Group Chief Financial Offi..
CI
2020REQUEST FOR LIFTING OF TRADING HALT : :Request for Lifting of Trading Halt
PU
2020GENERAL ANNOUNCEMENT : :Voluntary Conditional Cash Offer - Offer Announcement
PU
2020GENERAL ANNOUNCEMENT : :Technical Breach of Financial Covenants in the S$100 Mil..
PU
More news
Chart BREADTALK GROUP LIMITED
Duration : Period :
BreadTalk Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Chow Pin Chong Group Chief Financial Officer
Meng Tong Quek Chairman
William Cheng Group COO & CEO-Restaurant Division
Soo Sen Chan Independent Director
Lih Leng Lee Deputy Chairman
Sector and Competitors
1st jan.Capi. (M$)
BREADTALK GROUP LIMITED0.00%310
STARBUCKS CORPORATION6.01%133 722
COMPASS GROUP PLC7.67%36 005
DARDEN RESTAURANTS, INC.25.44%19 474
SODEXO2.60%12 166
JUBILANT FOODWORKS LIMITED46.99%7 336