News: TFL Tasfoods Completes Due Diligence On Betta Milk Acquisition

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    June 13 (Reuters) - Tasfoods Ltd (TFL) :

    • COMPLETES DUE DILIGENCE ON ACQUISITION MILK PROCESSING ASSETS AND BRANDS OF BETTA MILK CO-OPERATIVE SOCIETY LIMITED
    • SHAREHOLDERS OF BETTA MILK VOTED TO APPROVE SALE
    • WILL LAUNCH NON-RENOUNCEABLE RIGHTS ISSUE AT AN ISSUE PRICE OF $0.12 PER NEW FULLY PAID ORDINARY TASFOODS SHARE TO RAISE ABOUT $8 MILLION
    • COST OF ACQUISITION WILL BE ABOUT $11.2 MILLION IN CASH
    • ACQUISITION WILL ADD TO TASFOODS' EXPECTED POSITIVE EBITDA FROM EXISTING OPERATIONS IN FY2019
 
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Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $2.185M
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0.5¢ 0.5¢ 0.5¢ $1.748K 349.6K

Buyers (Bids)

No. Vol. Price($)
1 2279026 0.5¢
 

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Price($) Vol. No.
0.6¢ 650223 3
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