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QAF plans to buy 55 percent of China Food Industries
SINGAPORE April 18, 2005: Indonesian-linked food group
QAF is planning to buy a 55 percent stake in China Food Industries.
It is offering to buy over China Food Industries shares from the open market
at 28 cents each.
The offer price is about a 10 percent premium to the average market price of
the shares over the past three trading days.
The purchase will cost some S$27 million.
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