The SPA, which was signed on June 6, stipulated that the consideration for the sale shares of Dean Fa Food Co came in at $95.15 million.
PSC Corporation, on Oct 14, announced that it has agreed to terminate its proposed acquisition of Dean Fa Food Co.
The company says the sale and purchase agreement (SPA) it entered into with the shareholders of Dean Fa Food Co, Lee Wen-Chung, Lee Yi-Ming, Lee Wen-Yuan, Liu Hsiu-Yun, Huang Wen-Liang, Ang Teck Hock, Ang Bock Hwee and Yin Wen Xin (or the vendor shareholders) has been terminated.
