Summary by Moomoo AI
TAIKO CORPORATION A (TAIKO CORPORATION) ANNOUNCED ON 9 FEBRUARY 2024 THAT ITS WHOLLY OWNED SUBSIDIARIES ENTERED INTO AN ACQUISITION AGREEMENT CONDITIONALLY AGREEING TO ACQUIRE A HALF INTEREST IN THE COCA-COLA BOTTLING BUSINESS IN THAILAND AND LAOS FOR A TOTAL COST OF APPROXIMATELY 426.157 BILLION BAHT (APPROXIMATELY HK$94.71 BILLION). The transaction will leave Taikoo with approximately 55.7% of the issued share capital of the target company at the time of completion of the transaction. On the same day, Taikoo announced the sale of a small stake in its Coca-Cola bottling business in Cambodia and Vietnam for a total cost of about $2.711 billion (approximately HK$21.146 billion). These transactions are subject to the provisions of Chapter 14 of the Listing Rules regarding the announcement, but are...Show More