Food Junction

[winston]

Food Junction Holdings Limited announced its proposed acquisition of Malone’s American Café chain of 3restaurants located in Shanghai, People’s Republic of China.

[helios]

1. yes, v smart to use acqusition to enter PRC market.

2. TETSU restaurant @ Tanglin Mall, still needs more time to raise more awareness, e other time we were there we like casual ambience, w wine showcase racks & japanese skewer-served foods. food is ordinary, however their service level was good, and we noticed quite a sizable expats community. btw: they used quite a no. of service crew... mm ...

3. w e Malone, this will add dimensions to FJ into e leisure thematic foods experience. not a bad deal structured w bartering half using FE shares, cash half.

for more information via 13-may announcement: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_586B941F361313A848257448003E77EA/$file/NewsRelease_FY08Q2.pdf?openelement

[winston]

1. yes, v smart to use acqusition to enter PRC market.

Actually, Food Junction is already in China.

I have frequented a few of their Food Courts, the latest being at Lane Crawford on Financial Street in BJ. Very busy foodcourt during lunch-time and well managed too.

[helios]

oo ... i see, i'm study'g how all these sgx-listed food companies r structured backend.
then, cross-link to those in HKSE and if possible, any first mover gtg middle-east w pan asia themed halal foods will be a winner in long-term.

[littlecupid]

This was one of my longest holdings... having divdends of 6-7% last few years.

But I finally gave up after there was poor performance year after year. You see them opening and closing several food courts with poor performances, and very poor growth with China/Indonesia plans year after year.

Maybe this year will be different... good luck

[iam802]

PARTIAL OFFER FOR FOOD JUNCTION HOLDINGS LIMITED

http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument

----
TERMS OF THE PARTIAL OFFER
3.1 Terms of the Partial Offer. As stated in the Offer Announcement, the Offeror will make the
Partial Offer in accordance with Rule 16.4 of the Singapore Code on Take-overs and Mergers
(the “Code”), inter alia, on the following terms.

3.1.1 Offer Shares. The Partial Offer will be made for 35.0 per cent. of Food Junction Shares
in issue as at the Record Date, not already owned, controlled or agreed to be acquired by
the Offeror and parties acting in concert with it (the “Offer Shares”), in accordance with
Section 139 of the Securities and Futures Act, Chapter 289 of Singapore, and the Code.
In determining the Offer Shares for which the Partial Offer is made, fractions of an Offer
Share will be disregarded.

3.1.2 Offer Price. The Partial Offer, when made, will be on the following basis:
For each Offer Share: S$0.55 in cash.

3.1.3 Consideration Shares. As announced by Food Junction on 8 May 2008, Food Junction
will issue and allot 9,347,250 new Food Junction Shares (the “Consideration Shares”)
to certain vendors as part consideration for an intended acquisition of a 100 per cent.
stake in a new Singapore company. Accordingly, the Partial Offer will be extended to
the Consideration Shares if the Consideration Shares are issued as at the Record
Date. For purposes of the Partial Offer, the expression “Offer Shares” shall include
the Consideration Shares if they are in issue as at the Record Date. As at the date of
this Announcement, there has not been an announcement by Food Junction that the
Consideration Shares have been issued.

-------------------

[winston]

Auric Pacific Group, which owns 29.9 percent of Food Junction Holdings, plans to raise its stake in the food court operator to 54.4 percent, the Business Times said.

The acquisition is expected to cost Auric Pacific S$16.2 million.

[helios]

interesting developments, what's e growth story?

FJ opened Tetsu, e japanese foodcourt, wanted to do gift shop concept within foodcourt environment ...

[pepper]

from BT

Auric Pacific sends out offer document
AURIC Pacific Group, which already owns 29.9 per cent of Food Junction Holdings, has despatched its offer document relating to the its bid to raise its holding. Auric, a unit of Indonesia's Lippo Group, is seeking to raise its stake in Food Junction to above 50 per cent. The conditional partial offer is at 55 cents a share. Food Junction shares closed trading yesterday at 42.5 cents. The offer closes on Aug 22. Food Junction has appointed Westcomb Capital as its independent financial adviser.

[Poles]

the locations of Food Junction seems pretty good....eg: Raffles City, Bugis Junction, Harbour Front, Funan...
even during bad times, the prices in these location cannot beat FJ foodcourt??