Will BreadTalk's $80 mil acquisition of Food Junction be too hard to swallow?

Stanislaus Jude Chan
Stanislaus Jude Chan9/3/2019 01:13 PM GMT+08  • 3 min read
Will BreadTalk's $80 mil acquisition of Food Junction be too hard to swallow?
SINGAPORE (Sept 3): BreadTalk Group is licking its chops at the acquisition of Food Junction Management, which would make BreadTalk the third-largest foodcourt operator in Singapore behind NTUC Enterprise and Koufu.
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SINGAPORE (Sept 3): BreadTalk Group is licking its chops at the acquisition of Food Junction Management, which would make BreadTalk the third-largest foodcourt operator in Singapore behind NTUC Enterprise and Koufu.

But some market watchers are finding the $80 million price tag hard to swallow.

For starters, they note that Food Junction's net tangible assets are valued at only about $12.3 million.

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