Compared to its IPO price of RM1.35, it has gained 17.8%. All of our soft serve ice cream is peanut and egg free. Shares in Farm Fresh closed unchanged at RM1.59, giving the group a market capitalisation of RM2.95 billion. The Inside Scoop serves Richardson’s Homemade hard serve ice cream along with soft serve ice cream. The acquisition, which is expected to be completed by the second quarter of this year, is subjected to approvals from Farm Fresh’s shareholders and Bursa Malaysia Securities.
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Buy online today and get free same-day ice-cream delivery. “Our board, after careful deliberation and taking into account the benefits and opportunities presented under the proposals, is of the view that it is in the best interest of our group to prioritise the proposals over the expansion of the production facility,” it added. Enjoy creamy Inside Scoop ice cream or pair it with gorgeous BloomThis flowers to make it a gift. Whether you are craving the richest, creamiest homemade ice cream you have ever tasted or the best coffee in PA made on our espresso machine imported from. This as it sees the acquisition to be consistent with its future plans, and will pave the way to own “one of the fastest growing artisanal ice creameries and largest home-grown ice-cream chain in Malaysia”. This comprises RM55.15 million originally earmarked for its production facility expansion in Australia, and another RM8.76 million as part of the funding to establish its new manufacturing hub, dairy farm and processing facility in Malaysia. In total, the cash portion amounts to RM63.91 million. Concurrent with the proposals, Farm Fresh said in a separate filing that it fund the deal by varying the utilisation of the proceeds from its initial public offering (IPO). We are well known for our amazing ice creams that is produced in house, light fluffy. It added that it will grant Tan the right to require the group to purchase the remaining TISSB shares held by him. Inside Scoop is a homegrown ice creamery that was established in 2013. TISSB will then become a 65%-owned subsidiary of Farm Fresh, with the remaining 35% interest held by Tan, said Farm Resh in a bourse filing. The lower-calorie ice cream reportedly outsells all other pints. Subsequently, Farm Fresh will also ink a share subscription agreement with TISSB to acquire 12% of the enlarged issued TISSB shares for RM15.5 million. Of this purchase price, RM48.4 million will be paid in cash, while the remaining RM20 million will be satisified via the issuance of 13.16 million new shares in Farm Fresh, at an issue price of RM1.52 apiece. 2,712 likes 389 talking about this 262 were here. THE FIRST MOBILE BOBA TEA BUSINESS IN THE COASTAL BEND The Inside Scoop, Robstown, Texas. The dairy producer said it will first acquire a 53% stake from the chain's existing shareholders for RM68.4 million. The shareholders are TISSB co-founder Edmund Tan Jun Hua (61% interest), Derrick Wu (37.9% interest) and Harsh Rajpal (1.1% interest). 2,712 likes 389 talking about this 262 were here. KUALA LUMPUR (Feb 15): Farm Fresh Bhd has proposed to take up a 65% stake in ice cream chain The Inside Scoop Sdn Bhd (TISSB) for RM83.9 million.
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