Cooks Global Foods Transaction Update
Cooks Global Foods Limited (CGF) wishes to advise the market that completion of the $9 million capital raising and the share sale by its largest current shareholder is in the final stage of completion.
These transactions were approved by shareholders on 20 November and involve China’s Jiajiayue Group Co. Ltd (JJY) becoming a major shareholder and an investor group headed up by the Executive Chairman of CGF becoming the Company’s largest shareholder.
These transactions are conditional solely on the receipt of Chinese Government approvals for JJY to remit its investment monies to New Zealand. CGF has been advised that the approvals are now in place and the funds may be transmitted to New Zealand.
Accordingly it is expected the transactions will be completed this week.