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No Signboard: To Expand Its Beer Business Via The Acquisition Of The Remaining 20% In Danish Breweries.

19 Jun 2018 10:21

Group's wholly owned subsidiary, Tao Brewery Pte. Ltd. to acquire the remaining 20% in Danish Breweries Pte. Ltd. for a consideration of S$400,000. No Signboard intends to expand its distribution of Danish Breweries' signature brand, Draft Denmark beers, in Singapore. The acquisition will entitle the Group to 100% of Danish Breweries' profit contribution going forward while increasing management control to develop the Beer Business further...

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Source: ShareInvestor Express