BreadTalk says no EGM to be called for $80 mil Food Junction acquisition

SINGAPORE (Sept 17): BreadTalk Group has announced that it will not be convening an extraordinary general meeting (EGM) to seek shareholders’ approval for its proposed $80 million acquisition of Food Junction Management.

In a bourse filing on Tuesday, BreadTalk says that in response to its waiver application, SGX has advised that it has “no objection” to the company’s view that the proposed acquisition is “in the ordinary course of business”. As such, shareholders’ approval is not required.