04 Nov 2016

Sale of Indoguna (Singapore) Pte. Ltd., Indoguna Dubai LLC, Lordly Company Limited and Just Meat Co., Ltd. to Siam Food Services Limited

Partners Lim Wee Hann and Tan Chon Beng and Associate Mildred Kwok are acting for the shareholders of Indoguna (Singapore) Pte. Ltd., Indoguna Dubai LLC, Lordly Company Limited and Just Meat Co., Ltd. (the " Indoguna Group") in the proposed sale of 80% of shares of the Indoguna Group.

The Purchaser is a wholly-owned subsidiary of Siam Makro Public Company Limited, which is part of the Charoen Pokphand Group, one of the largest cash-and-carry retail companies in Thailand. Siam Makro is listed on the Stock Exchange of Thailand.

The Indoguna Group is a global leader in the distribution and manufacturing of premium food and beverage products, with facilities in Singapore, Hong Kong and Dubai.