Based on FFF&B and FFNY’s unaudited financial statements for the financial year ended Dec 31, 2022, FFF&B and FFNY’s net profit after tax was $441,000. The net book value and net tangible assets attributable to the sales shares as at June 30 based on the unaudited financial statements of FFF&B and FFNY was $287,000.
YKGI announced that its wholly-owned subsidiary Yew Kee Collective has acquired the remaining 50% and 20% shares in Fine Food F&B (FFF&B) and Fine Food (Nanyang) (FFNY) respectively, from an individual Tan Hwee Meng for $330,000.
Based on FFF&B and FFNY’s unaudited financial statements for the six months ended June 30, FFF&B and FFNY’s net profit after tax was $293,000, and its net book value and net tangible assets was $782,000.
