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