Food Junction

[dydx]

Apparently, FJ is behind the recently opened "1 Market by Chef Wan - The BIG Buffet" restaurant located #04-45 to 49 Plaza Singapura.....
http://www.foodjunction.com/
http://www.facebook.com/1marketbychefwan...tbychefwan

Has anyone in the forum tried the restaurant yet? Any feedback on the food and service to share?

[KopiKat]

FY12 results looks bad when I had a quick look thro' all the 3 Financial Statements,

1. P&L - Losses with main contribution from "Impairment loss on intangible assets" (Malones) + Higher Depreciation + Other Expenses

2. BS - Big drop in Cash due to increase in Fixed Assets (Renovations for new restaurants)

3. CF - Big drop in OCF, FCF becomes -ve due to (1) & (2)

No Final Dividends declared for 2H12 vs 0.25ct for 2H11


PS. I was wondering why they decided not to continue with their FJ Discount Card program when it ended in Dec-12.... I noticed that it's now easier to get seats during peak hours at my local FJ Food Court after that... Perhaps they're shifting focus to their new restaurant biz...

<Not Vested>

[pianist]

parent company has sent an 'angel' to replace ceo lim

The Board of Directors of Food Junction Holdings Limited (the “Company”) wishes to announce that Mr David Lim Chiew Poh will relinquish his positions as the Managing Director and Chief Executive Officer on 31 March 2013. In the interim, Ms Saw Phaik Hwa, an Executive Director will oversee the overall operations of the Company and its subsidiaries until a suitable candidate is appointed.
Mr David Lim Chiew Poh will also cease to be the legal representative of Food Junction Beijing Co., Ltd and Maibo Restaurant Management (Shanghai) Co., Ltd following his resignation. The Company will make further announcements when a replacement is appointed.
On behalf of the Company, the Board of Directors would like to thank Mr David Lim Chiew Poh for his past contributions and wish him all the best in his future endeavours.

[cyclone]

Voluntary Unconditional Cash Offer for all ordinary shares in Food Junction at S$0.255 per share, represents 40.11% over last transacted price as quoted on the SGX-ST on 20 June 2013 of $0.182 per share.

[psolhawk]

Great news for Food Junction shareholders since last NAV stands at 18.3 cents. While Auric Pacific shareholders? Hmm. They must be squirming I guess.

[pianist]

havent tried the chef wan at ps...maybe it is timely to reward myself and loved ones to a nice celebration there

[investright]

Anyone knows how long later we will get our money back once we accepted the offer? Thanks!

[opmi]

Anyone knows how long later we will get our money back once we accepted the offer? Thanks!

Since it is an unconditional offer, about 2 weeks for Nominees Accts. Faster for CDP.

[BlueKelah]

so should have been able to predict something was gonna happen when they replaced the CEO lim? those who vested nice one

[pianist]

Accordingly, as at 5.00 p.m. (Singapore time) on 5 August 2013, the total number of (a)
Shares owned, controlled or agreed to be acquired by the Offeror and its Concert Parties and
(b) valid acceptances of the Offer, amount to an aggregate of 103,935,604 Shares,
representing approximately 85.19% of the total number of Shares.

seems like game over?