AOM International Extends Deadline of Jiangxi Jiuai Food Acquisition

MT Newswires Live01-26

AOM International (HKG:0381) has extended the long stop date for its acquisition of a 72.5% stake in Jiangxi Jiuai Food to March 20, according to a Jan. 23 Hong Kong bourse filing.

Shares of the firm were down nearly 1% in Monday morning trade.

All other terms of the sale and purchase agreement remain unchanged, the filing said.

The deal involves AOM's wholly owned subsidiary acquiring the stake in Jiangxi Jiuai Food for HK$59 million, to be settled through the issuance of zero-coupon convertible bonds of the same principal amount.

Upon completion, Jiangxi Jiuai will become an indirect non-wholly owned subsidiary of AOM, with its results consolidated into the group's financial statements.

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