JFC, through Milkshop International Co. Ltd. (Milksha), signed an agreement to purchase 980,000 shares at NT$105.92 per share, equivalent to a 70-percent stake in Tien Hsia Sheng Co. Ltd. (Moon Moon Food) for NT$103.8 million. Payment will be made by Milksha upon completion of relevant conditions precedent to the closing of the transaction.
Once the transaction is completed, JFC said that Moon Moon Food would be consolidated into Milksha's portfolio and financial reports.
Correspondingly, JFC will take on 51 percent of any acquisition impact to Milksha.
This story is from the January 07, 2025 edition of The Philippine Star.
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This story is from the January 07, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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