Kopitiam

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.

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.

NTUC Enterprise to acquire Kopitiam by year-end

SINGAPORE (Sept 23): NTUC Enterprise has announced that it will be acquiring local food court operator Kopitiam Investment along with its subsidiaries by end-2018.

Under the agreement, NTUC will also be acquiring all 80 of Kopitiam’s outlets in Singapore, including the Lau Pa Sat Festival Market, which Kopitiam acquired in 1995.

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