Thursday, December 10, 2009

Delisting Company: China Lifestyle Food And Beverages Group (E69)

China Lifestyle Food and Beverages Group Limited is a lifestyle food and beverages company in the People's Republic of China. The Company manufactures and distributes a variety of jelly desserts and beverages, as well as a range of candies and potato chips.
Rationale for delisting:

Greater management flexibility. Allow offeror to rationalize the resources and cost structure for greater efficiency and competitiveness
Restructuring. Conduct review to decide whether a) change existing business b) redeploy fixed assets c) discontinue employment of employees

Profit Margin: Selling @ Offer Price $0.178 on the market
3.97%, Buy 51 lots @ 0.17
1.00%, Buy 50 lots @ 0.175

My money is locked in Iconic Holding, so will probably only look at it when I got the money back.

References:

  1. SGX - Delisting Offer
  2. ChannelNewsAsia - China Lifestyle Food & Beverages plans to go private

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