PT Delta Bridge Foods is a non-Halal food manufacturing business in Bulan, Indonesia.
Food manufacturer OTS Holdings (SGX:OTS
) announced that it has entered into a sale and purchase of shares and assignment of loan agreement with Valencier International to dispose of the company’s entire 50% equity interest in its joint venture company (JV Co) Delta Bridge for $500,000.
The JV Co is a directly held, 50% joint venture entity of OTS Holdings, while the other 50% is held by Hogsworld, an unrelated third party. Upon completion of the proposed disposal, the group will no longer hold any equity interest in the JV Co, which is an investment holding company that holds 90% of PT Delta Bridge Foods.
