OAK 0.00% 6.1¢ oakridge international limited

Is this thewhite flag announcemnt ?!12 May 2011ASIC decision to...

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    Is this thewhite flag announcemnt ?!

    12 May 2011
    ASIC decision to grant relief to Minor International
    Retail Food Group Limited (ASX:RFG) (RFG) notes Minor International Public Company Limited?s (Minor)
    announcement today that ASIC has provided relief to enable its wholly owned subsidiary to acquire an
    additional 34.3% interest in Oaks Hotels & Resorts Limited (Oaks). Minor therefore now holds a relevant
    interest in 54.3% of the issued capital of Oaks.
    ASIC?s decision triggers a defeating condition to RFG?s takeover offer for Oaks, which was announced on
    9 May 2011.

    RFG is currently considering its position in respect of its takeover offer, and will inform the market once it
    has made a decision in that regard.
    For further information please contact:
    Amy Lange
    Public Relations Co-ordinator
    Phone: (07) 5591 3242
    About RFG
 
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