Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Sadif Analytics Prime
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Soup Restaurant Group Ltd Announces Group Restructuring And Incorporation Of Subsidiaries


Tuesday, 12 Nov 2013 04:57am EST 

Soup Restaurant Group Ltd announced that the Group is undertaking a group restructuring exercise to consolidate and expand its food processing business and start new lines of business in sourcing, supplying and distributing of raw materials and food products and procurement services. This is part of the Group’s strategic plans for vertical integration of the supply chain. In line with the group restructuring exercise, the following steps will be taken: A wholly-owned subsidiary, Samsui Holdings Pte Ltd (Samsui Holdings), has been incorporated in Singapore on November 12, 2013 with an initial issued and paid-up capital of SGD2 comprising two ordinary shares of SGD1 each. The principal activities of Samsui Holdings will be that of investment holdings; Following the incorporation of Samsui Holdings: Samsui Holdings has also incorporated a wholly-owned subsidiary known as Samsui Supplies & Services Pte Ltd (Samsui Supplies) on November 12, 2013 with an initial issued and paid-up capital of SGD2. The principal activities of Samsui Supplies will be sourcing, supplying and distributing of raw materials and food products and procurement services; and the Company will, thereafter, transfer its entire equity interest comprising of 100,000 ordinary shares in its wholly-owned subsidiary, Sure Food Pte Ltd, to Samsui Holdings. (collectively, the “Restructuring Exercise). 

Company Quote

0.205
 --
22 Dec 2014