Farm Fresh to acquire 53% stake in the Inside Scoop for RM68.4mil

KUALA LUMPUR: Farm Fresh Bhd (FFB) has entered into a share purchase agreement with the vendors of The Inside Scoop Sdn Bhd (TISSB) for the proposed acquisition of 462,739 existing ordinary shares in TISSB.

In a filing with Bursa Malaysia today, FFB said the acquisition represented 53.0 per cent of the enlarged issued shares in TISSB after the completion of the proposals, for a total purchase consideration of about RM68.4 million, subject to adjustments.