Brief: Food Idea Holdings updates on acquisition of licence right in Singapore

Palinda group

09/12/2015 13:45

Dec 9 (Reuters) - Food Idea Holdings Ltd  8179.HK : 
 * Voluntary announcement in respect of the acquisition of Lucky Dessert Licence right in Singapore and change in use of proceeds of top-up placing and rights issue  
 * Says the vendor and the purchaser entered into the formal agreement 
 * Deal for consideration of HK$2.2 million 
 * Target co entered into licence agreement with Wong Yat Cheung and Wong Yat Tung, being legal owners of the trademark in Singapore 
 * Pursuant to licence deal, Wong Yat Cheung and Wong Yat Tung granted SG franchise right and SG trademark right to target co for 25 yrs 
 
 * Source text for Eikon  ID:nHKS38XT2h  
 
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