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News: BUG Buderim Group Says Received Bid For Ginger Division​

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    June 15 (Reuters) - Buderim Group Ltd (BUG) :

    • RECEIVED AN INDICATIVE, NON-BINDING OFFER FROM GLOBAL FOODS GROUP TO ACQUIRE COMBINED GINGER AND TOURISM BUSINESS ASSETS
    • DEAL FOR $8.3 MILLION GROSS VALUE
    • EXPECTED THAT COMPLETION OF PROPOSED TRANSACTION WILL BE SUBJECT TO COSHAREHOLDER APPROVAL & FIJI REGULATORY APPROVAL
    • IF PROPOSED TRANSACTION PROCEEDS, CO'S CEO, ANDREW BOND, EXPECTED TO TRANSFER WITH GINGER BUSINESS TO GLOBAL FOODS
    • CURRENTLY CONSULTING WITH ASX ON APPLICATION OF CHAPTER 11 OF LISTING RULES
    • DENNIS LIN TO BECOME EXECUTIVE DIRECTOR TO LEAD DEMERGER & DRIVE CO'S FUTURE POST GINGER BUSINESS PLAN & STRATEGY

    Source text: (Source text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02244728)

    ([email protected])

 
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