BreadTalk buys food court operator FoodJunction for $80m

It will be paid in cash.

BreadTalk has entered into a sale-and-purchase agreement to acquire food court operator FoodJunction for $80m, an announcement revealed.

In its filing with the Singapore Exchange (SGX), the bakery brand’s wholly-owned subsidiary Topwin Investment plans to buy more than 1.48 million ordinary shares in FoodJunction.

The consideration price will be paid in cash and will be funded through the BreadTalk’s internal resources and debt facilities.

The proposed acquisition will reportedly provide BreadTalk additional revenue streams as well as allow both the bakery chain and the food-court operator to streamline costs and share resources.

Also read: BreadTalk Group buys out Thai partner

FoodJunction, which operates 12 food and beverage courts in Singapore and three in Malaysia, has a net asset value of approximately $12.34m as of 30 June. Auric Pacific Group Limited (APGL) owns 98.1% of the company.

Meanwhile, BreadTalk has close to 1,000 retail stores in 16 countries and operates food courts under the Food Republic and Food Opera brands in Singapore, Malaysia, China, Hong Kong, Taiwan, Cambodia and Thailand. As at 30 June, it operates 14 food courts in Singapore and two food courts in Malaysia.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia