BreadTalk to buy food-court operator Food Junction for S$80m

Singapore

FOOD and beverage (F&B) player BreadTalk Group is looking to buy the entire stake in Food Junction Management (FJM), which operates food courts and F&B outlets in Singapore and Malaysia, for S$80 million.

BreadTalk announced on Monday morning that its wholly owned subsidiary, Topwin Investment Holding, had on Aug 30 entered into a sale and purchase agreement for the proposed acquisition of FJM from Food Junction Holdings.

The total consideration of S$80 million will be paid in cash and funded through BreadTalk's interna…